Posted 6/28/2024 20:12 (#10791335) Subject: Corn entering 2014-2020 levels? Or will old resistance turn to new support?
Corn is approaching those bear market levels where we were trapped for 6 years from 2014 to 2020.
Will we enter back into that territory.. or see a case of old resistance turn to new support? (The 2014-2020 range found support at the pre-ethanol range resistance)
Personally I don’t see $3.00 corn.. but I guess anything is possible
(Chart below is a continuous front month contract chart)
Corn entering 2014-2020 levels? Or will old resistance turn to new support?
