May Corn is forming a Cypher pattern on another down day. Market bought it back somewhat, but we will probably see another down day to 357'4 area. RSI is still down, and Open Interest is starting to roll suggesting a turn. Could see mixed to further down selling until end of week.
Comment:
Corn fell through 357'4. New target double bottom 352'4 which would put it in cypher extension. 357'4 is near 141%