Corn: Immediate Resistance At 374/75
Jason Sen | Jul 24, 2014 04:14AM ET
Corn broke 368/367 but held above our next target of 364/363. Immediate resistance seen at 374/75 could hold the bounce today but above here we have a gap to fill at 378 for a selling opportunity with stops above 380. Just be aware that that a close above here tonight turns the outlook more positive in to the end of July and can target 389/390.
Immediate support is at 368 then yesterday's low at 366/365. However a break lower cannot be ruled out and could target in this bear trend and could target 363 then 360/359.
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