Corn price rallied upwards strongly to approach our first waited positive target at 375.40, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which its targets extend to 390.00 after surpassing the previous level.
Therefore, the bullish bias will remain dominant in the upcoming sessions supported by the EMA50, conditioned by the price stability above 362.40.
The expected trading range for today is between 365.00 support and 380.00 resistance.
The expected trend for today: Bullish