Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun May 3, 2015 10:23 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.43, down 4 cents for the week. The secondary (intermediate-term) trend is down with the NCI.X closing below its previous low of $3.44 and technical support at $3.47. The latter marks the 33% retracement level of the previous secondary uptrend from $2.81 through the high of $3.80. Given that weekly stochastics remain bearish the NCI.X could look to test support at the 50% retracement level of $3.31.

Corn (Old-crop): The July contract closed 6.75cts lower at $3.60 last week. The secondary (intermediate-term) trend remains down ...

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