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mtb1980
Jul 16, 2021 12:58 PM

Sep21 Corn 

Corn Futures (Sep 2021)CBOT

Description

Sep Corn – Daily: One could look at this and draw a triangle formation, or a down trending channel (as shown). Currently price action inside the cloud, with resistance overhead at the red Kijun line and 62% target of 5.85. 6.03 and 6.14 would be next key targets. A breakout above the channel would target the previous swing highs with retracement targets above up to 6.91 and 7.31.
Support is 5.61 and then the swing low at 5.20. Further risk at 5.01, 4.87, and then 4.67
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