Corn update

ZCZ20

Corn continues to find good resistance at our long term swing point of 430.00. This is 23.6% back to the all-time high and 78.6% back to the 6/17/19 high. The target on a break from this area is 380.00, this is 38.2% back to the May low. Any break from this area that can only get back to between 405.00 and 400.00 would be a very positive sign. The first level is a major Gann square and the second is 23.6% of the May low. Once they can get a couple solid closes above 430.00 the long term target is 510.00, this 38.2% back to the all-time high.