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CORN: Watching 17.69 for a Potential Bounce
Hey all, been keeping an eye on $CORN today. It's been a bit of a choppy session, down about 1% at 17.75 currently, but what's grabbing my attention is that 17.69 level. We bounced off it earlier today and it looks like a potential short-term support.
Now, I'm not calling a bottom here, but if we can hold 17.69 on this current move down, there might be some minor upside potential back towards the daily high of 17.82. The risk, of course, is a break below 17.69. If that happens, I'd expect to see a quick move lower, likely invalidating any bullish outlook for the immediate term. Just thought I'd throw this out there for anyone else watching this space.