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Corn: Holding Above 441

Published 10/07/2013, 02:47 AM
Updated 07/09/2023, 06:31 AM

Corn CME
Corn just holding above 441/442 which may allow us to reach our selling opportunity at 444/445. This should hold the topside but shorts need stops above 448. If we continue higher look for the next selling opportunity at 451/452 and expect the bear trend to resume. Use stops on shorts above 457.

Below 441/442 however keeps the market under pressure for a likely retest of last week’s low of 435/434. If this does not hold the downside in this bear trend we should see 430/428 then 425.

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