CBOT corn may retest resistance at $5.03-1/4
CORN•CBOT December corn may retest resistance at $5.03-1/4 per bushel; a break above could open the way toward $5.07-3/4 to $5.11-1/4.
1. Technical levels
The contract stabilized around support at $4.96-1/4. A break below that level would confirm an extension toward $4.85, while a rising daily-chart trendline puts support around $4.98-1/4. A spinning top on Thursday indicated stabilization and a forthcoming bounce.
