NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat May 16, 2015 08:11 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.47, up 2 cents for the week. The secondary (intermediate-term) trend remains sideways, though could soon turn up given the bullish reversal seen the previous week. Weekly stochastics are below the oversold level of 20% and could work toward establishing a bullish crossover, confirming the recent technical pattern of the NCI.X. Support remains at $3.42, a price that marks the 38.2% retracement level of the previous uptrend from $2.81 through the high of $3.80.

Corn (Old-crop): The July contract closed 2.50cts higher at $3.65 1/2 last ...

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