CU11 – September Corn (Last:705-1//4)

September Corn (CU11) price chart with targetsCorn has been in a bull market since last July, and although I’ve tracked it only on an occasional basis, I’ll be looking for low-risk opportunities to get aboard its next flight. For now, though, we’ll try to develop an analytical feel, first by watching to see how the September contract handles the midpoint pivot and ‘D’ resistance of the pattern shown.  An easy move through both would give us reason to hunt more aggessively for entry spots just above these levels.