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- Corn looks poised to grind higher towards 745/750 – SocGen
Corn looks poised to grind higher towards 745/750 – SocGen
Corn has extended its up move after breaking above the peak of last year at 640. Strategists at Société Générale expect corn prices to reach the 745/50 area.
Initial support aligns at 675/668
“Daily MACD is firmly anchored within positive territory which denotes upside momentum is persistent.”
“Corn looks poised to head towards next projections at 735 and 745/750. This could act as interim resistance however a large downside is not envisaged.”
“Daily Tenkan line at 675/668 is first support near-term.”
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