Important Level for Corn

Corn is at an important level with the confluence of the blue Volume-Weighted Average Price (VWAP), the 50- and 200- Day Moving Averages (DMA).

Any of these on their own attract buyers, and one anticipates a bounce.

The 200 DMA is flattening, so that is a concern.

If buyers do not step up, then things can get ugly.

The green and red arrows represent bullish and bearish scenarios from my December 2 Corn Futures Newsletter.

The purpose of this newsletter is to provide advance notice of trend changes and support and resistance levels, allowing the reader to anticipate future price action.

Think Wayne Gretzky, skating to where the puck is going.

That is our mission.