Corn CME: A Good Chance Of Double Top Here Today To Confirm Lower Price
Jason Sen | Oct 28, 2014 02:36AM ET
Corn saw a very good bounce to hit our selling opportunity at 364/365. A good chance of a double top here today to confirm lower prices in to the the end of the week. Try shorts with wide stops above 369 as this is such a major level. However an unexpected break higher could then target 371 and 100 day moving average resistance at 373/374.
Failure to beat 364/365 should trigger a move lower towards 361 then 359/358. If we continue lower look for good support at 355/354. A good chance of a low for the day but be ready to go with a break lower to target 351 then good short term support at 349/348.
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