By
SINGAPORE: CBOT May corn will end very soon its consolidation within a range of $7.28-1/4 to $7.66 per bushel, and develop a solid trend thereafter.
The contract approached $7.66 again.
It is likely to break this level and rise towards $7.78-1/4 to $7.92-1/2 range.
However, the chance of a deep fall to $7.28-1/4 remains until the break above $7.66 is confirmed.
CBOT corn may test support at $7.28-1/4
A break below $7.54-1/4 could cause a fall into $7.28-1/4 to $7.42-1/2 range.
Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
More Stories
Comments
Comments are closed for this article.