Corn CME Forecast: Outlook Remains Weak
Jason Sen | Nov 18, 2013 04:40AM ET
Corn resistance at 429/430 did hold a move higher, and as stated Friday it was not a big surprise to see a break lower to our target of 420/419. Below here today meets November lows at 415. The outlook remains weak, and so a break below 415 continues the 1 year bear trend and targets 412/11 then 404 and contract lows at 402/401, not seen since June 2010.
Resistance at 422/423 then 425/426. Unlikely we make it any higher today, but above here look for a selling opportunity at 429/430.
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