Corn tries to complete a double top

On the daily chart of corn we saw the formation of a double top pattern on the 55 day exponential moving average, which is running precisely at the 340.00 round number level. The confirmation line or signal line is the level at the 325.00. A breakdown of the 325 level could take the price of corn to the low at the 312.17 level. To the upside, above the 55 day EMA, its most relevant resistance could be the 200 day exponential moving average, blue line, around the 359.98 level. Another possible scenario is that the 325 could act again as support and the price of corn could stay consolidated within the current channel.