Bullish pullback on corn

The corn contract for December has made a low around the 355.24 level from where it has been pulling back to the upside as seen on the daily chart. The current pullback could provide us with an opportunity to enter short, but the question now is up to what point the price may retrace. The stochastics are close to reaching the over-bought area. If the stochastics reach the over-bought zone at the same time that the price reaches the 200 day exponential moving average around the 379.89 level, we could wait for a bounce from there for a potential short entry. For now, we just have to wait for the price to continue retracing and break above the current 364.00 level.