Technicals-CBOT corn still targets September 18 low $5.25-1/2
CORN•CBOT December corn technical view
SINGAPORE, Sept 24 (Reuters) - CBOT December corn CZ26 still targets its September 18 low of $5.25-1/2 per bushel, driven by a wave c.
A correction from the September 2 high of $5.49-3/4 consists of three waves. The current wave c is expected to extend to $5.18, the 100% level, as it has briefly extended below the 61.8% level of $5.28-1/4.
A break above $5.31-3/4 may lead to a gain into the $5.32-3/4 to $5.34-1/4 range.
