For you attention, the charts include the second active continous contract on the weekly and in line with that the July contract on the daily.
- The neutral setup is turning into more biased again: Price below Kumo and Kijun Sen, medium strong Tenkan/Kijun cross is possible. Last hope is horizontal supp/res ard 374!
- Heikin Ashi signal is , with one last question mark on haDelta -> is the positive divergence of haDelta/SMA3 about to break?
- Bulls have serious problem: setup is turning into firm again. Price made a lower low, Chikou comes back to open space below price candles, both Tenkan Sen and Senkou A point down.
- Heikin Ashi signal is too
Honestly, I do not know if we'll see a szrong resumption, or if it will be only a bear trap, but now it is not prudent to hold any long position in Corn , and all longs opened lately must have been stopped out by now!
As I don' yet see Wheat and Soybeans as as Corn right now, I don't like the idea of going short in Corn . On the other side I'd consider a long only above 390. Maybe better not to touch it at all.