Corn prices have reached the previously designated level of 695, and a correction now is underway to offload the overbought state of RSI. At the same time, over the past 2 days, sellers have actively attempted to bring the price closer to the trendline, but the drawdown has been purchased, thereby proving the strength of the current upward trend.
Before moving to the area of annual highs, the level of 725, which has previously acted as a good support, has to be overcome.
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