NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Mon Feb 1, 2016 04:17 AM CST

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.48 1/2, up 14 3/4 cents for the month. Technically the NCI.X remains in a 5-Wave uptrend (Elliott) dating back to the Wave C low near $2.81 1/2 back in October 2014. However, much of the time since has seen cash corn move sideways between support at roughly $3.23 and resistance at the December 2014 high of $2.80. Initial resistance is at the August 2015 peak of $3.64 1/2. Monthly stochastics are neutral with the last major signal a bullish crossover below the oversold level of ...

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