CORN MAY 2020 is quickly approaching 378.5000. We expect either a breakout through this line, or a rebound.

CORN MAY 2020 is heading towards a line of 378.5000. If this movement continues, we expect the price of CORN MAY 2020 to test 378.5000 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.