
Corn futures are currently trading at 419.25, with medium-sized bars and average momentum, indicating a market in transition. The short-term WSFG is neutral, reflecting indecision or consolidation, while the intermediate-term MSFG shows an upward trend with price holding above the monthly NTZ, suggesting a potential for further recovery or a corrective rally. However, the long-term YSFG remains firmly bearish, with price well below the yearly NTZ and all major moving averages trending down. Swing pivot analysis highlights a short-term downtrend (DTrend) but an intermediate-term uptrend (UTrend), with the most recent pivot low at 410.50 and the next key resistance at 422.50. Resistance levels are clustered at 431.25, 449.75, and 461.50, while support is found at 410.50 and 392.25, indicating a defined trading range. All benchmark moving averages (5, 10, 20, 55, 100, 200-day) are in downtrends, reinforcing the broader bearish structure. The ATR at 34 and elevated VOLMA at 252019 suggest moderate volatility and active participation. Recent trade signals show mixed short-term direction but a long entry on the intermediate-term MSFG, aligning with the current monthly uptrend. Overall, the market is in a corrective phase within a larger downtrend, with short-term neutrality, intermediate-term bullishness, and long-term bearishness. Price action is choppy, with potential for further upside retracement toward resistance, but the dominant long-term trend remains down. Swing traders should note the ongoing battle between short-term pullbacks and intermediate-term recovery within a structurally bearish environment.