I'm looking at $CORN futures right now, seems like it's hit resistance around that 17.76 level on the day. If it breaks decisively above that, my current read on short-term pressure might be off.
Interesting to watch. Are you seeing any specific volume indicators or candlestick patterns that support that resistance level, or is it purely from the intraday high?
Good call. I'm seeing something similar; that 17.76 level has been pretty sticky. Are you factoring in the latest WASDE report numbers much, or primarily technicals for this short-term view?
Seems like a thin level to call significant resistance, especially intraday. Are you seeing confluence with other indicators or just price action at 17.76?