Corn – Weekly Cont: Price action last week hit 3 major areas of resistance. (Downtrend line, Cloud resistance, and 50% retracement)
Targets above at 6.44 and 6.84. Primary target at 7.08 and then last year’s high at 7.35
Lower retracement targets (not shown) at 5.89, 5.71, 5.57, and 5.43. Risk is 5.20
Targets above at 6.44 and 6.84. Primary target at 7.08 and then last year’s high at 7.35
Lower retracement targets (not shown) at 5.89, 5.71, 5.57, and 5.43. Risk is 5.20
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