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CBOT corn continues to pullback, futures prices may fall to this range...
Pivot Point: 437.75 Major Scenario: Bearish, below 437.75. Minor Scenario: If it breaks through 437.75, it will bring a continuing upward trend, with targets set at 440.75 and 442.50. Market Commentary: RSI technical indicator is below 50. MACD technical indicator is bearish below its signal line. In addition, from the 30-minute chart, the price is below its 20-period and 50-period moving averages (currently 437.73 and 440.01). Resistance Reference: 442.50**, 440.75*, 437.75**, 436.75 Support Reference: 431.25, 429.50**, 427.75*, 426.00** (The above analysis is from Trading Central, * represents the strength of support and resistance levels, for reference only.)