CORNF Our pivot point stands at 562.25.
Our preference:
target 546.25.
Alternative scenario:
the upside breakout of 562.25, would call for 567.50 and 570.50.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Corn (CME) (Z1) is trading under its 20 period moving average (557.08) but above its 50 period moving average (554.06).
