Corn price around the moving average – Analysis - 12-01-2022

Economies.com
2022-01-12 05:23AM UTC

Corn price hovers around the EMA50, and keeps its stability below the bullish channel’s support line, to keep the negative pressure valid for the upcoming period, noting that our first target is located at 589.20, while breaching 610.00 will stop the expected correctional bearish trend and push the price to return to the main bullish track again.

 

The expected trading range for today is between 590.00 support and 605.00 resistance.

The expected trend for today: Bearish

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