CBOT corn may retest resistance at $5.28-1/4
CORN•CBOT December corn may retest resistance at $5.28-1/4 per bushel; a break above could open a path to $5.31-1/4 to $5.34-1/4.
1. Technical levels
A strong bounce near support at $5.14-1/4 suggests either a completed wave c from $5.44-1/2 or the end of the correction from $5.49-3/4. The bounce may extend far above $5.28-1/4, while a break below $5.24-1/4 could lead to a drop to $5.21-3/4.
