Could corn continue dropping?

Corn has remained stable around the 365 level, but in reality it seems like it is at the end stage of a bullish pullback after the strong drop that it had to the 346 level. If the commodity continues retracing to the upside, then the 200 period exponential moving average on the daily chart (blue line), around the 384 level could act as resistance from where the price may try to stall or bounce to the downside. However, if the price breaks above that moving average, then the round number level at the 400 zone could act as a better resistance for corn. To the downside, the 346 level could act once again as support and so far the stochastics indicator is not showing a clear direction due to the consolidation that the price has been making lately.