Markets

CBOT corn neutral between $6.38-1/2 and $6.65-1/2

Published Updated

Before the contract climbs above $6.65-1/2 it may fall back to $6.33, as the rebound from this Oct. 26 low seems to be a pullback towards an ascending trendline.

A fall below support at $6.38-1/2 will confirm the resumption of the downtrend.

No information in this analysis should be considered as being business, financial or legal advice. 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.

Copyright Reuters, 2011