Observing $CORN's Recent Spike

Been watching $CORN pretty closely this morning after that notable move up. The price action today, hitting a high of 18.22 and currently sitting around 18.2, is definitely interesting. It broke out of that range it's been consolidating in for a bit. To me, it looks like it's trying to establish a new support area around that previous resistance at roughly 17.65-17.70. If it can hold above there, especially with the volume we've seen, it could signal more upside. The main risk I see invalidating this scenario is a sharp retrace back below 17.60; that would suggest this move was just a head-fake. Not making any moves myself just yet, but definitely keeping an eye on how it develops into the afternoon session.