Corn has been in a downtrend since the high in May 2022 where the price had been elevated due to Russia invading Ukraine.
Price has been in a range since Aug 2024, oscillating between $380 - $500. Currently in the second wave up, making this a possible correction before the trend reverses down again.
If price can get above $4.80 it might find support and volume around $5,
4 hour chart
30 min chart
Bearish count showing large selling volume around $6-7
Price has been in a range since Aug 2024, oscillating between $380 - $500. Currently in the second wave up, making this a possible correction before the trend reverses down again.
If price can get above $4.80 it might find support and volume around $5,
4 hour chart
30 min chart
Bearish count showing large selling volume around $6-7
Trade active
Closed this trade as a correction will come before finding strength to push higher. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.