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Barchart
Barchart
Jim Wyckoff

July Corn Futures Are Hinting at Underlying Strength and More Upside Ahead. Here Are the Levels to Watch Before You Buy.

July corn futures (ZCN25) present a buying opportunity on more price strength. 

See on the daily bar chart for July corn futures that prices have seen a solid rebound from the March low, which has formed a bullish double-bottom reversal pattern. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the red MACD line is above the blue trigger line and both lines are trending up.

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