December corn futures a buying opportunity on more price strength. See on the daily bar chart for December corn futures that prices have made a good rebound from the recent contract low and the bulls have gained some upside technical momentum. A fledgling price uptrend is in place. A move above technical resistance at this week’s high of $3.57 1/2 would give the bulls better upside momentum and it would also become a buying opportunity. The upside price objective would be $3.90 or above. Technical support, for which to place a protective sell stop just below, is located at $3.40. Remember that the mini grain futures contracts are a liquid and viable way to trade the grain markets.
