Technical forecast for Corn

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Corn for December continued lower as expected in this bear market & a break below yesterday’s low of 471 could reach 468/467 this week. Below here we are looking for 460/458.

It is not worth fighting the bears but any move higher meets resistance at 479. We should struggle here but on a break higher look for 483/484 which should hold the topside for a selling opportunity.

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