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Jim Wyckoff

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Corn prices pop, but bulls need to show follow-through strength

December 16, 2019 by Jim Wyckoff

The corn futures market has pushed higher recently, to negate a price downtrend on the daily bar chart. The corn bulls have momentum to suggest at least sideways trading in the near term–if not sideways to higher. A push in prices above solid resistance at $4.00 would give the bulls the technical power to suggest a price uptrend could be sustained in the coming weeks and months. Stay tuned!–Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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