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History repeating? Price is extended and at support

Lång
Corn Futures (Sep 2023) (CBOT:ZCU2023)  
TrainingTrader  
CBOT:ZCU2023   Corn Futures (Sep 2023)
Trend Analysis
2
2
trendanalysis
Analysis: Price extends decline due to the release of the August USDA report towards the recent low, which was also formed due to the release of the July USDA report. Price can be seen as extended and with price now at support region, it is likely that price will begin experiencing retracement soon.

Long opportunity: Long at market reopening as High Risk trade towards 498.0 as Take Profit - 1 level.
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