Corn Downside Target

This is an update from a post a week ago for Dec. Corn

(ZCZ25) 

December

From last week,

The low on 7/1/25 held 61.8% on the continuation chart at 421.00 and the Long term target on this is 61.8% the other way at 518.00. The current rally hit 38.2% back to the 2/20/25 high at 440.00 and this will be the key level for next week.

Use 440.00 as the swing point for the week.

Below it, the short term target is 78.6% back to the 7/1/25 low at 422.00. The long term target...

The failure to get above 38.2% at 440.00 kept the short term trend negative and sent it not only to the short term target of 78.6% at 422.00, but on to a new low for the move. We will use the 425.25 major Gann square as the key level for the next week.

Use 425.25 as the swing point for the week.

Above it, the short term target is 38.2% back to the 2/19/25 high at 438.00, this is the level that needs to be taken out to turn the short term trend positive. The longer term target is 61.8% of the same move at 454.00. The long term target is also the long term swing point at 476.00, this is 38.2% back to the contract high.

Below it, the short term target is 78.6% on the continuation chart at 405.75, this is also a major Gann square. A failure to turn higher from this area will give us only major Gann squares to look for support and then use as the swing point when closed below, the next one is 386.25.

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