(K2) Uptrend Remains Intact

• RES 4: $684.44 - 1.382 proj of the Jan 13 - 31 - Feb 2 price swing
• RES 3: $676.63 - 1.236 proj of the Jan 13 - 31 - Feb 2 price swing
• RES 2: $664.00 - 1.00 proj of the Jan 13 - 31 - Feb 2 price swing
• RES 1: $660.50 - High Feb 11
• PRICE: $648.75 @ 12:36 GMT Feb 18
• SUP 1: $610.25 - Low Feb 3 and key support
• SUP 2: $586.75 - 50-day EMA / Low Jan 3
• SUP 3: $565.75 - Low Nov 30 and a key support
• SUP 4: $562.75 - Low Nov 9

Corn futures traded higher last week and the contract remains in a clear uptrend. Price has recently cleared the late January high of $640.50, highlighting a resumption of the uptrend and maintaining a bullish price sequence of higher highs and higher lows. Price has also crossed above the May 7 2021 high of $640.00 to highlight a major break. The focus is on $664.00 next. Key support is at $610.25, the Feb 3 low.