CORN SEPTEMBER 2020 – breach of a trending support line that has been tested at least twice before.

CORN SEPTEMBER 2020 has broken through the support line of a Descending Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 5 days and suggests a target line to be around 318.0531 within the next 12 hours.