NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Tue Sep 1, 2015 05:04 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.40, down 3 cents for the month. The NCI.X remains in a major (long-term) 5-wave uptrend pattern, holding support between $3.44 and $3.23 during August. These prices mark the 50% and 67% retracement levels of the rally from $2.81 (October 2014) through $4.06 (July 2015). Monthly stochastics remain bullish.

Corn (Futures): The December contract closed at $3.72 3/4, down 8 1/2 cents on the monthly chart. Despite another lower monthly close, technical indicators continue to show the major (long-term) trend is up. The August low of ...

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