July corn futures a buying opportunity on more price strength.

See on the daily bar chart for July corn futures that prices on last week poked to a fresh five-week high as the bulls have been impressive recently by rapidly pushing prices up from the recent low. The bulls have gained fresh upside near-term technical momentum. A move above solid technical resistance at $7.00 would provide the bulls with better upside momentum and it would also become a fresh buying opportunity. The upside price objective would be $7.50 or above. Technical support, for which to place a protective sell stop just below, is located at $6.75. Remember that the “mini” grain futures contracts are a liquid and viable way to trade the grain markets.

July Corn Futures Chart