Structurally, corn price broke out of the little triangle on Friday. Price found a strong buying support at the mini uptrend channel bottom & 50ema means we going to have more upside.
The next immediate target would most probably lies in filling that GAP left behind in mid-July.
Ability to fill the gap and break 394, i would expect strong downtrend resistance around 400-405'
The next immediate target would most probably lies in filling that GAP left behind in mid-July.
Ability to fill the gap and break 394, i would expect strong downtrend resistance around 400-405'