Corn Selloff May Worsen if 50-day SMA Breaks

Corn fell to its 50-day SMA today. The key moving average offered support throughout March trading. A breach under the key technical level may lead to a deeper selloff, perhaps to the 100-day SMA. MACD also appears on track to cross below its center line.
CommoditiescommodityCORNcropsTechnical IndicatorsMoving AveragesCorn

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