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Free Access(Z3) Clears Key Support
- RES 4: $637.25- High Oct 14 2022
- RES 3: $629.75 - 21 and key resistance
- RES 2: $600.75 - High Jun 26
- RES 1: $520.88/572.25 - 50-day EMA / High Jul 24 and bull trigger
- PRICE: $477.20 @ 13:44 BST Aug 16
- SUP 1: $462.50 - Low Sep 21 2021
- SUP 2: $458.63 - 0.764 proj of the Jun 21 - Jul 13 - Jul 24 price swing
- SUP 3: $442.00 - Low Jul 6 2021
- SUP 4: $423.50 - 1.00 proj of the Jun 21 - Jul 13 - Jul 24 price swing
Corn futures remain bearish. Price traded lower yesterday, breaching key support at $481.00, the Jul 13 low. A break of this level would confirm an important bearish development and signal scope for a continuation of the current bear cycle. This would open $476.00, the Oct 13 2021 low. Key short-term resistance has been defined at $572.25, the Jul 24 high. Clearance of this level is required to reinstate the recent bullish theme
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