CORN

ZCZ20

Corn remains well above the 200 day moving average at 347.50 and our long term swing point of 360.00, this is where the current rally is coming from. This was a major Gann square and 38.2% back to this years low. We have a couple targets above the first is a combo area of 402.00, this is 61.8% back to the 2019 high and 405.00, this is a major Gann square. Above this is the long term target at 430.00, it is this level that will have to be taken out to say much higher prices are coming.