July corn futures a buying opportunity on more price strength.

 

See on the daily bar chart for July corn futures that prices are in a solid uptrend. Recent price action has also formed a bullish symmetrical triangle pattern. A move above chart resistance at $4.96 3/4 would become a buying opportunity. The upside price objective would be $5.35 or above. Technical support, for which to place a protective sell stop just below, is located at $4.80. Remember that the “mini” grain futures contracts are a liquid and viable way to trade the grain markets.

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