March corn futures a buying opportunity on more price strength.
See on the daily bar chart for March corn futures that prices last Friday scored a big and bullish “key reversal” up, to suggest that a market bottom is in place. A move above chart resistance at Monday’s high of $4.35 1/2 would become a buying opportunity. The upside price objective would be $4.90 or above. Technical support, for which to place a protective sell stop just below, is located at $4.18 1/2. Remember that the “mini” grain futures contracts are a liquid and viable way to trade the grain futures markets.
