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Advisor

What is the next resistance level on May corn?

Seems like around $7.17 was tough to get through last time if my memory serves me right. When does the March money roll into May? Just trying to see through the cloudy glass of my crystal ball.
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18 Replies
Senior Contributor

Re: What is the next resistance level on May corn?

From what I've seen guys talk about 7.13-7.14 then 7.22 as targets to close above. But I'm sure cx or gio may have a better idea.
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Veteran Advisor

Re: What is the next resistance level on May corn?

c-x-1 to the call, sirs!  May kinda came close to some resist @ today's high 716. would say 710 - balance point, 700 support. 727 down-trendline by weeks end. Mar LT - Th.

 

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Veteran Advisor

Re: What is the next resistance level on May corn?

Buckley,  Thanks for the compliment but I am more of a very short term trader.  Cx1 is more of a technical guy then I am. Also my main focus are the Beans.  

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Veteran Advisor

Re: What is the next resistance level on May corn?

Have a feeling beans can make a run when it gets through a few more cents. Are U seeing similar, giolucas?

It's like an ascending triangle off a double headed upside down head & shoulders.

 

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Veteran Advisor

Re: What is the next resistance level on May corn?

I just bought more at 1470 .  I hope that in the next few days this thing breaks over 1490 May Soy.

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Veteran Advisor

Re: What is the next resistance level on May corn?

Seems like pretty clear sailing to 1640 - ish, near contract highs, once it can breakout @ 1500

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Veteran Advisor

Re: What is the next resistance level on May corn?

Cx1,

 

Tell me what will happen tomorrow not what will happen in five months  Smiley Happy

 

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Veteran Advisor

Re: What is the next resistance level on May corn?

Right,

wouldn't be suprised for quiet trade tomorrow. If so, look for that NR/ID 7---narrow range day---then would be suprised if we did NOT bust up and out before weeks end....either way it's imminent. (before 5 months)Smiley Wink

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Veteran Advisor

Re: What is the next resistance level on May corn?

No way.  I am betting a nice steak dinner on this in Houston when I get down there.  You have to be within 3 cents.  Settlement price for May Soybeans 3-12 will be 1482.   

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