(Z1) Approaching Support

• RES 4: $638.00 - High May 7 and the bull trigger
• RES 3: $628.25 - High Jun 10
• RES 2: $611.25 - High Jul 1
• RES 1: $558.00/94.25 - High Aug 19 / High Aug 12
• PRICE: $513.25 @ 13:42 BST Sep 8
• SUP 1: $507.00 - Low Jul 9
• SUP 2: $500.25 - Low May 26 and the bear trigger
• SUP 3: $481.50 - Low Apr 7
• SUP 4: $449.50 - Low Mar 30

Corn futures remain weak following the recent breach of $532.25, Jul 26 low and yesterday's move lower reinforces a bearish theme . The break lower exposes support at $507.00, Jul 9 low and $500.25, May 26 low and a key support. For bulls, clearance of $594.25 would reinstate a bullish theme. This would instead open $611.25, Jul 1 high and $628.25, Jun 10 high. Major resistance is at $638.00, May 7 high. Initial resistance is $558.00.