March corn has reached an area of strong technical support in the ~$5.80 area. Having held strong many times in the past, and never successfully holding above this level for longer than a week or so, it looks like a great opportunity to enter into a short with a target of ~$5.40.
Wheat markets appear to be in the middle of a confirmed double top . IF resistance in the area of $7.17/bu holds, we should be headed back to the $6.70/bu area.
From a technical perspective, the chart shows a classic double top set up with the lower point being violated, a short pullback higher, followed by a further decline. This should set the target in the...
