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Big movement expected on CORN MAY 2020 after a breach of 342.0000

CORN MAY 2020 has broken through a line of 342.0000 and suggests a possible movement to 336.4000 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 11 days.

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BCHAUD – breach of a trending support line that has been tested at least twice before.

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