Corn March first resistance at 362/363 is a big challenge for bulls today but there is also strong resistance at 365/366. Only a break above 367 is a buy signal and targets minor resistance at 369 then strong resistance at 370/371. Use this as a selling opportunity with stops above 372.
Failure to beat strong resistance at 363 risks a slide back to December lows at 358/357. However outlook is quite negative despite oversold conditions so be ready to sell a break below here to target 354 and perhaps as far as 350/349. If we continue lower this week look for 346 and 343/342.