Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Wed Apr 1, 2015 08:44 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.55, down 10 cents for the month. The major (long-term) trend remains up, while the secondary (intermediate-term) trend is sideways to down. Support remains at $3.31, a price that marks the 50% retracement level of the rally from $2.81 (October 2014 low) to $3.80 (December 2014 high). The long-term price target remains $4.90, the 38.2% retracement level of the previous major downtrend from $8.26

(August 2012) to $2.81 (October 2014). The April 2014 high was $4.86.

Corn (Futures): The May contract closed at $3.76 1/4, down ...

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