NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Jan 30, 2016 07:18 AM CST

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.48 1/2, up 1 3/4 cents for the week. The NCI.X looks to have established a secondary (intermediate-term) trend, holding above its recent bullish breakaway gap and moving to a new 4-week high last Friday. Weekly stochastics are also growing more bullish. Initial resistance is pegged near $3.53 1/2, the 33% retracement level of the previous downtrend from $4.05 3/4 through the recent low of $3.27 1/4.

Corn (Old-crop futures): The March contract closed 1.75cts higher at $3.72. The futures contract posted a new 4-week high ...

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