March corn futures are presenting a buying opportunity due to a strong rebound from chart support and gaining technical strength. Supported by good U.S. export sales and solid domestic demand, a move above $4.48 would signal a buying opportunity with an upside objective of $4.75. Technical support is seen at $4.36 ¼.
It is important to note that trading commodity futures and options is volatile, complex, and risky. Potential trading opportunities are discussed, but it is up to individuals to decide on trades. Jim Wyckoff did not have any positions in securities mentioned. The information provided is solely for informational purposes.
Read more at Yahoo Finance: March Corn Is Popping Higher. 1 Trade to Make Here.
