After breaking the 1D Channel Up (Highs/Lows = -12.9821, MACD = -1.170), Corn just bounced off the first important support at 380. We will either see a strong rebound here (long with tight SL, TP = 392.40) or if 379 breaks, it will look for the 372.20 support (TP = 374).
Sold July corn when volume increased over May Corn giving a triple top on the continuous contract. Turned out to be not a bad move, plus May failed to penetrate the 382 on the 240 chart indicating temporary support
US Corn, commodities, was flirting with high prices for quite some time. 3 days ago, it struggled passing the 392 mark.
This was a good sign for traders that it was resisting to move further.
2 days later it collapsed to 372.