NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Jun 27, 2015 08:25 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.63, up 29 cents for the week. Cash corn looks to have reestablished a secondary (intermediate-term) uptrend, easily moving through resistance at its previous 4-week high of $3.46. The NCI.X closed at a test of resistance, with $3.63 marking the 67% retracement level of the previous downtrend from $3.80 through the recent low of $3.29. With weekly stochastics bullish and the major (long-term) trend up, the next upside target for the NCI.X is its December 2014 high of $3.80.

Corn (Old-crop): The September contract closed 33.75cts ...

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