After a dramatic 50% move higher due to drought conditions, Corn prices may be ready to take a breather. A close above 796 on friday would complete a DeMark weekly sell setup and raise the probability of a reaction lower over the next 4 weeks.
Corn price chart with DeMark price analysis as of August 15, 2012. Corn price surge due to severe summer drought. Corn prices at all time highs.
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