TECHNICALS-CBOT corn may climb into $4.68-1/2 to $4.69-3/4 range

ReutersApr 28, 2026 6:30 AM

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SINGAPORE, April 28 (Reuters) - CBOT July corn CN26 may climb into a range of $4.71-3/4 to $4.73-1/2 per bushel, as it has more or less broken a resistance at $4.69-3/4.

A wave c from $4.52-1/4 has travelled far above its 100% projection level of $4.66-1/2. It is highly likely to extend into a range of $4.71-3/4 to $4.75-1/4.

Support is at $4.68-1/2, a break below which could trigger a drop into the $4.64-1/2 to $4.66-1/2 range. On the daily chart, the strong gain on Monday suggests a break above the key resistance at $4.70-1/2.

Such a break could be followed by a further rise toward $4.75-1/2.

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.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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