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SC KS | My basic chart for corn daily Dec 24 shows it needs to hold this 470 area or it's heading for 460 then potentially back to contract low of 446. Many commodities have been weak this week (crude/copper/gold etc.) so part might be broad institutional outflows in association with average progress.
Long-term upside seems to have major resistance at 500.
Currently long just 1 mini with stop set below todays lows. The trend is not my friend on this so we'll see.
Edited by ks_condor 5/30/2024 21:58
 (agtalk_2024_corn_ZCZ24_Barchart_Interactive_Chart_05_30_2024 (full).png)
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 agtalk_2024_corn_ZCZ24_Barchart_Interactive_Chart_05_30_2024 (full).png (149KB - 216 downloads)
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Corn clinging to support
