Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

May Corn/Bouncing Off Support *PIC*

May Corn is bouncing sharply off 608 support. This is a strong support level being a previous breakout pt that has been a successfully tested & a buy point but also a Fib 38.2% retracement pt of the June to March rally as well. Price is presently poking its nose above the last broken support level of 640 and would need to close AND hold above this price to suggest a valid breakout and a further run up to 672 resistance.

Messages In This Thread

May Corn/Bouncing Off Support *PIC*