TECHNICALS-CBOT corn may test support at $4.25-1/2
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CBOT March corn may test support at $4.25-1/2 per bushel, with a potential fall to $4.21 to $4.23-1/2 if this level is breached. A bullish target of $4.34 could be established if the market breaks above $4.30. The daily chart indicates a bearish flag pattern suggesting a target around $4.04, valid as the market remains below $4.29 resistance. A break below $4.24-1/2 could lead to reaching the $4.04 target.
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