(N2) Trend Conditions Still Bullish

• RES 4: $830.31 - 2.618 proj of the Mar 16 - 23 - 29 price swing
• RES 3: $824.25 - 2.50 proj of the Mar 16 - 23 - 29 price swing
• RES 2: $818.19 - 2.382 proj of the Mar 16 - 23 - 29 price swing
• RES 1: $814.00 - High Apr 19
• PRICE: $800.50 @ 13:44 BST Apr 27
• SUP 1: $772.06 - 20-day EMA
• SUP 2: $718.25 - Low Apr 1
• SUP 3: $695.50 - Low Mar 29 and key support
• SUP 4: $677.25 - Low Mar 1

Corn futures remain below recent highs. The trend outlook is bullish - the current bull cycle started Mar 29. Moving average studies point north and a price sequence of higher highs and higher lows, clearly highlights the current positive market sentiment. With price trading above $800.00, the focus is on $818.19, a Fibonacci projection. The 20-day EMA, at $772.06, represents firm support.