(N2) Trend Outlook Remains Bullish

• RES 4: $772.75 - 1.50 proj of the Mar 16 - 23 - 29 price swing
• RES 3: $766.69 - 1.382 proj of the Mar 16 - 23 - 29 price swing
• RES 2: $759.13 - 1.236 proj of the Mar 16 - 23 - 29 price swing
• RES 1: $755.50 - High Apr 6
• PRICE: $744.25 @ 13:44 BST Apr 7
• SUP 1: $723.50 - 20-day EMA
• SUP 2: $695.50 - Low Mar 29 and key support
• SUP 3: $690.81 - 50-day EMA
• SUP 4: $643.50 - Low Feb 25

Corn futures traded to a fresh trend high on Tuesday of $755.50. This signals a resumption of the underlying uptrend and an extension of the bullish price sequence of higher highs and higher lows. The break signal scope for a climb towards $759.13, a Fibonacci projection. On the downside, a firm short-term support is seen at the 20-day EMA at $723.50 ahead of the key trend support at $695.50, the Mar 29 low.