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Corn CME December contract Daily Forecast – 28 October 2014

By:
FX Empire Editorial Board
Updated: Aug 25, 2015, 03:00 UTC

Corn saw a very good bounce to hit our selling opportunity at 364/365. A good chance of a double top here today to confirm lower prices in to the the end

Corn CME December contract Daily Forecast – 28 October 2014

Corn CME December contract Daily Forecast - 28 October 2014
Corn CME December contract Daily Forecast - 28 October 2014
Corn saw a very good bounce to hit our selling opportunity at 364/365. A good chance of a double top here today to confirm lower prices in to the the end of the week. Try shorts with wide stops above 369 as this is such a major level. However an unexpected break higher could then target 371 and 100 day moving average resistance at 373/374.

Failure to beat 364/365 should trigger a move lower towards 361 then 359/358. If we continue lower look for good support at 355/354. A good chance of a low for the day but be ready to go with a break lower to target 351 then good short term support at 349/348.

Corn 2
Corn 3

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FX Empire editorial team consists of professional analysts with a combined experience of over 45 years in the financial markets, spanning various fields including the equity, forex, commodities, futures and cryptocurrencies markets.

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