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Corn: Bulls Starting To Struggle In Severely Overbought Conditions

Published 06/14/2016, 12:42 AM
Updated 07/09/2023, 06:31 AM
ZC
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Corn CME Weekly Chart

Corn headed for a retest of good support at 424/423 as I write but longs need stops below 421. A break lower targets 416/415 then support at 413/412. Try longs with stops below 410.

Minor resistance at 430/431 but above here re-targets 435/436 then the 2 day highs at 438/439. Bulls are starting to struggle in severely overbought conditions but if we continue higher look for 441/442 then 445.

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