NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Jul 25, 2015 09:38 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.61, down 25 cents for the week. The NCI.X followed the previous week's bearish reversal with a bearish gap lower. However, weekly stochastics indicate the secondary (intermediate-term) trend is sideways-to-down rather than down, meaning support could emerge near $3.55. This price marks the 67% retracement level of the rally from $3.29 through the recent high of $4.06. Cash corn's major (long-term) trend remains up.

Corn (Old-crop): The September contract closed 27.75cts lower at $3.92 1/2. The sharp sell-off the last two weeks has led to a ...

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