Technical forecast for Corn

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Corn held 412/11 & managed to beat 415/16 as we look for a selling opportunity at 420/421. This should hold a move higher today but shorts need stops above 422 for the next selling opportunity at 424/425.

Below 417 is more negative & risks a slide towards 412/411. Yesterday’s price action was quite a positive signal in an oversold market, so 412/411 could hold the downside again today. However long

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