Corn – Weekly Cont: Sep contract leading the continuous chart. The recent swing low at 5.20 nearly filled a correction target. If this low holds, retracement targets above will be used. First hurdle is the 24% retracement at 5.71. A weekly close above will give the bulls some breathing room. The primary target above is the 88% retracement at 7.10, but any target can turn this chart lower…
Support is 5.20 with risk down at 4.66
Support is 5.20 with risk down at 4.66