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CBOT corn may rebound slightly in the short term, with the target set at ...
Pivot Point: 426.75 Most likely scenario: bullish, with a target set at 434.75. Less likely scenario: If it falls below 426.75, it will continue to decline, with targets at 425 and 423.25. Market commentary: RSI technical indicator is below 50. MACD technical indicator is below its signal line, indicating a bullish trend. In addition, looking at the 30-minute chart, the price is below its 50-period moving average (433.93) but above its 20-period moving average (431.15). Resistance levels: 439.50**, 437.75*, 434.75**, 433.75 Support levels: 428.50, 426.75**, 425.00*, 423.25** (The above analysis is from Trading Central, * represents the strength of support and resistance levels, for reference only.)