CBOT December corn may retest $5.19 support, with outlook tilted lower
Reuters technical analyst Wang Tao says CBOT December corn may retest $5.19/bu, with support at $5.14-3/4 and resistance at $5.26.
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CBOT corn may retest support at $5.19
CBOT December corn (CZ26) may retest a support at $5.19 per bushel and fall toward $5.14-3/4.The bounce from $5.14-3/4 has been shaped into a wedge, which appears to be a bearish continuation pattern, to be confirmed by a break below $5.19 and followed by a round of drop thereafter.Resistance is at…