CZ10 – December Corn (Last:428)

The futures appear to be consolidating around a 425 4/8 midpoint resistance whose ‘D’ sibling lies at 445 2/8. Since most of the price action over the last three days has been above the midpoint, we should infer that a thrust to the target is imminent.  Please note that the “softs” are notorious for making such moves either when Pivoteers are sleeping, or in such a way as to be inaccessible via a conservative buy-stop entry. In this case, any print above August 16’s 433 high would create the impulse leg needed to create a possible camouflage opportunity.