TECHNICALS-CBOT corn may test resistance at $4.60-3/4
SINGAPORE, March 17 (Reuters) - CBOT corn CK26 may test a resistance at $4.60-3/4 per bushel, a break above which could lead to a gain to $4.64-1/4.
The contract seems to be consolidating within a triangle. Following its failure to break the support at $4.52-1/2, it bounced toward the upper trendline around $4.64-1/4.
A break below $4.57 may trigger a fall to $4.52-1/2.
Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.
No information in this analysis should be considered business, financial, or legal advice. Each reader should consult their own professional or other advisers for business, financial, or legal advice regarding the products mentioned in the analyses.
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