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Corn: Strong Resistance At 355/356 Key To Today's Direction

Published 01/11/2016, 05:48 AM
Updated 07/09/2023, 06:31 AM
ZC
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Corn CME Chart

Corn March strong resistance at 355/356 is key to direction today. Shorts need stops above 358. Be ready to buy a break above here to target strong resistance at 360/361. Try shorts with stops above 363.

Failure to beat strong resistance at 355/356 targets minor support at 353 but below here risks a slide to 350 before last week's low at 349/348. A good chance this will hold the downside but longs need stops below 346 to target 343/342. Further losses this week then target 338.

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