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Corn CME: 2 Week High At 492/493

Published 03/24/2014, 07:54 AM
Updated 07/09/2023, 06:31 AM

Corn CME Weekly Chart

US Corn was held most of last week by resistance at 487/488, but above here this week meets the 2 week high at 492/493. A break higher this week is possible for a test of March highs at 502.

Support at 477/476 held 4 out of 5 days last week so only a break below the 200 day moving average and 2 week low at 474/473 is seen as negative for this week. Go with a break lower today looking for a buying opportunity at 469/468.

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