Corn May 2024 has broken through a line of 436.5000 and suggests a possible movement to 440.6250 within the next 15 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
If you’re short Corn May 2024 you should be aware that 436.5000 has just been breached – a level tested 4 time in the past
