Corn price resumes the rise – Forecast today - 26-04-2024
Economies.com
2024-04-26 03:58AM UTC
Corn Price Analysis
Expected Scenario
- The price of corn bounced bullishly after approaching the breached neckline of the positive pattern.
- It surpassed the 449.20$ level and settled above it again, reinforcing expectations of continuing the correctional bullish trend.
- The next main targets are 461.90$ followed by 474.70$.
- The EMA50 continues to support the suggested bullish wave, conditioned by price stability above 443.50$.
Expected Trading Range
Between the support at 445.00$ and the resistance at 460.00$.
Trend Forecast: Bullish
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