NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Fri May 1, 2015 06:00 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.45, 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).

Corn (Futures): The July contract closed at $3.66 1/4, down 10 cents on the monthly chart. While the major (long-term) trend remains up, the secondary (intermediate-term) trend is sideways-to-down. Support is at $3.56, a price that marks the 61.8% retracement level ...

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