Herewith is my Z22 Corn update.

In the bigger picture, not much has changed (because not much has happened), and I remain a SERIOUS seller of a move over $7.00.

The ranges, however, have changed with the current consolidation we are experiencing.  

The chart currently seems to be experiencing its last MT upside consolidation (potential triangle), which could see the price dip down to $6.62.

This should attract buying at the 100 Day MA, a favourite of the funds.

From there we could see a rally as high as $7.29 to close the upside gap before coming off significantly to close the low gap as an absolute minimum. (as seen in my yellow road map.)

The above view will be negated and the chart will collapse on a daily close under $6.52.

“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.” – Paul Tudor Jones