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Thomaswestw

Corn Nears Critical Test - Will Bears Gain More Ground

Futuros de Milho (CBOT:ZC1!)  
Thomaswestw  
CBOT:ZC1!   Futuros de Milho
Technical Indicators Oscillators Moving Averages CORN Corn cornfutures cornanalysis Commodities
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indicator oscillator movingaverage corn zc1! cornfutures cornanalysis commodities
Corn prices are up against the wall after a sharp multi-month drop. The rising 200-day Simple Moving Average (SMA), along with an area of support from January to March trading, may offer bulls a chance to regroup. The MACD and RSI oscillators indicate downward momentum may win out, however. A break lower likely opens the door for further losses.
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