Corn (ZC) Testing Weekly Chart Triangle Resistance Ahead of WASDE
Corn (ZC) is trying to firm going into today’s European morning to start the week, as shorts cover ahead of Tuesday’s highly anticipated WASDE released at noon EST. Significantly, although ZC has been trying to halt the slide since mid October, bulls should not rule out a potential retest of downchannel support (on the daily chart) and the September low post-WASDE given the volatility normally seen in the 24-48 hrs following this report…Click here to read the full analysis of this market as well as on Soybean, Cotton
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