July Corn Futures a Buying Opportunity on More Price Strength
See on the daily bar chart for July corn futures that prices have seen a corrective pullback just recently but remain in an uptrend. A move in July corn above chart resistance at $5.06 would give the bulls fresh upside technical momentum and it would also 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 $4.95. Remember that the “mini” grain futures contracts are a liquid and viable way to trade the grains.
