Corn futures have recently traded above the 20- and 50-day EMAs. The move above the 50-day average which intersects at $536.13 strengthens current bullish conditions. A continuation higher would open $571.25, the Apr 19 high. However, the medium-term trend remains down and a stronger resumption of weakness would expose key support and the bear trigger at $490.75, May 15 low. First support to watch lies at $511.25, the May 31 low.

Commodities Tech EM Bullet Fixed Income News Homepage markets-real-time Commodities Bullet Markets Emerging Markets News Foreign Exchange News

Taso Anastasiou

Commodities Tech EM Bullet Fixed Income News Homepage markets-real-time Commodities Bullet Markets Emerging Markets News Foreign Exchange News

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(Z3) Watching Support At $511.25