NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun Feb 7, 2016 12:37 PM CST

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.42 1/4, down 6 1/4 cents for the week. Despite the lower weekly close the secondary (intermediate-term) trend still looks to be up. However, the minor (short-term) trend has turned down with initial support near $3.41 1/2. This price marks the 33% retracement level of the previous minor uptrend from $3.27 1/4 through the high of $3.48 1/2. The 50% retracement level is down near $3.38. Daily stochastics are bearish.

Corn (Old-crop futures): The March contract closed 6.25cts lower at $3.65 3/4. The futures contract moved ...

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