March22 Corn
March 22 Corn - Daily: Heaviest amount of volume between 5.75 and 5.85. This should act as good support or resistance as March takes the lead contract. Impressive intra-day recovery Friday. A break above $6.00 will have interest up to 6.15. Be careful of a bull trap in the 5.98-6.03 area. A quick move up and then close below the trend line would not look good.
Support is the 5.57 pivot low. Further risk is the dashed trend line down to the 5.20 area.
**Will run support targets once we get a confirmed swing high…
Support is the 5.57 pivot low. Further risk is the dashed trend line down to the 5.20 area.
**Will run support targets once we get a confirmed swing high…
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.