Continuous Corn – Weekly: The charts above are the same, but using different indicators. Both Charts are showing a break of major support this week. A break below the blue uptrending pitchfork on the left and a weekly close below the cloud on the right are both telling us that an important area of support has been broken. Support is in the lower 6.00 area and further risk is from 5.50 to 4.50 depending on length in time… A sustained move above 6.62 is needed to keep the bull trend going or at least trade sideways. Resistance above would be at 6.81, and bullish enthusaiam regained above the upper red pitchfork in the 7.20 area…
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