- Corn looks very bullish to me.
- Corn has large gaps between support/resistance levels. That means when the price moves it moves fast.
- Corn price has broken two resistance levels and broken out of a symmetric triangle to continue the bullish momentum. The large time gap between the previous high and the breakout could mean that Corn could move to the next level quickly as well.
This is not a financial advice, do your own research before investing.
Comment:
Corn price follows the target however there is a rising wedge forming, probably the price will test the $576 support before rising back again.