Corn Testing Strong Resistance At 366/367
Jason Sen | Nov 24, 2015 02:14AM ET
Corn December testing strong resistance at 366/367 as I write and shorts need stops above 368. A break higher is a positive short term signal to target 370 and perhaps as far as a selling opportunity at 372/373. Shorts need stops above 375.
Failure to beat 367 again today trigger a drift lower to minor support at 362/361. Further losses target 359 then 357/356 contract lows. We are no longer oversold and obviously a break below is a sell signal in the bear trend to target 351/350, perhaps as far as 346/345.
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