CBOT corn may fall into $6.39-1/4 to $6.43 range

31 Mar, 2023

SINGAPORE: CBOT May corn may break a support of $6.47-1/2 per bushel, and fall into $6.39-1/4 to $6.43 range. The contract failed twice to break a resistance at $6.55-1/4.

A small double-top could have formed around this level, suggesting a target of $6.43.

CBOT corn may retest resistance at $6.43

A break above $6.50-3/4 may lead to a gain to $6.55-1/4.

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