Corn beat the 100 day moving average at 440 as predicted in a positive signal for the rest of the week & should target strong resistance at 448/449.
Corn CME March contract Daily Forecast - 06 February 2014Corn beat the 100 day moving average at 440 as predicted in a positive signal for the rest of the week & should target strong resistance at 448/449. This should hold a move higher at this stage as we start to look overbought. However a break above 450 would be an added positive signal & could target 457/459.
Immediate support is 440 but below here use 436/435 as a good buying opportunity.
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