Corn: First Support At 375/374
Jason Sen | Apr 13, 2015 03:43AM ET
Corn making a break below 375/374 to keep the short term outlook negative and target 371/370 then good support at March lows at 367. This is of course the most important support for the week. We are getting oversold so a bounce from here is certainly possible.
A recovery above first resistance at 375 could open the door to a retest of 378/379 for a selling opportunity. A high for the day is expected if we reach this far but shorts need stops above 381. An unexpectedly break higher targets the next resistance at 384.
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