Technical forecast for Corn

corn

Corn beat 649 to reach our selling opportunity at 658. We topped exactly here in fact to hit 652/651, offering a nice profit. This same strategy may be worth trying again today but with stops above 660 for a move towards 662, may be as far as 664/665.

653 is our first support today but a break lower is possible & could target 648/647 & a low for the day possible. Failure here however should see a move towards the next support at 643/642.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More