(H1) Tests Key Resistance

• RES 4: $464.25 - High Jun 17, 2019 (cont) and a key resistance
• RES 3: $460.00 - High Jul 15, 2019 (cont)
• RES 2: $441.50 - High Jul 17, 2019 (cont)
• RES 1: $435.75 - High Nov 12, intraday high and the bull trigger
• PRICE: $434.25 @ 13:22 GMT Nov 23
• SUP 1: $415.88/13.50 - Trendline drawn off Aug 12 low / Low Nov 13
• SUP 2: $408.75 - Low Nov 9
• SUP 3: $40363 - 50-day EMA
• SUP 4: $396.00 - Low Oct 29 and the bear trigger

Corn futures rallied on Nov 10 clearing the former key resistance at $422.25, Oct 27 and Nov 5 high and a bull trigger. The break confirmed a resumption of the uptrend that started early August and maintains the bullish price structure of higher highs and higher lows. Price action also remains above a trendline support drawn off the Aug 12 low. The line intersects at $415.88 and represents a key trend support. The focus is on the recent high of $435.75.