Corn – Weekly Cont: July Contract leading the Cont. chart back towards testing the blue Tenkan line at 6.60. A close below the blue Tenkan line is the first since August of 2020…Important for corn bulls to see this week close above the Tenkan. Support below is the May low at 6.02 and then the red Kijun line (trending higher) at 5.85
Resistance above at the recent swing high of 7.17 and then the 7.35 high. Targets above at 7.92, 8.36, 8.60 and 8.93.
Resistance above at the recent swing high of 7.17 and then the 7.35 high. Targets above at 7.92, 8.36, 8.60 and 8.93.