Corn prices bounced nicely off Fridays low at 5.61, in fact todays closet 5.83 is 22 cents of Fridays low.

That was enough to turn the technical indicators.

If we could see this market trade higher over the next day or two that could turn the chart and trigger some short covering by trading systems that have gone short over the past couple of weeks.

Our first area of major overhead resistance is at 6.23, that’s the spike high that we left one week ago.