Special Corn Update

Corn

December

From previous update,

It spent the week trading around the 502.00 (38.2%) swing point for the week, it had one close above it and it is currently trading back below it, this will again be the key level for the week. It is very important to the trend that it gets back above this level for a chance at a new high, a failure to get back above it after getting back below the long term 38.2% level at 532.00 would be a very negative sign. As always we will watch all the retracements on any rally to see just how strong, or weak the market is regardless of the longer term targets.

Use 502.00 as the swing point for the week again.

 Below it, the short term trend turns negative and the short term target area is the 478.50 major Gann square and 61.8% back to the contract low at 473.00. The long....

After getting one close above 502.00 (38.2%) last week, it went right back below it, turning the short term trend negative along with the long term trend when it got back below the 38.2% level at 532.00 on the continuation chart on 9/23/26 (levels on the chart) Friday's report took the market down to the short term target area of the 478.50 major Gann square and 61.8% back to the contract low at 473.00, this will be the key level for the week now. We will be using the ONE44 61.8% rule to get the upside target from here.