
Corn prices continue to show some promising signs from chart perspective after breaking through our moving averages and then the moving averages turning to the upside and crossing over.
Now the 10- and 20-day moving averages crossed over the 40 days.
These are all positive items that when the market broke through and had a correction we came right down to where the moving averages are converging.
The overall chart looks good with the technical turning up as well.
Current overhead distance would be at 6.42 and current chart support at 6.04.