Corn price attempts to recover – Analysis - 27-05-2022
Economies.com
2022-05-27 04:24AM UTC
Corn price couldn’t manage to hold for long time below 749.00, to breach it strongly yesterday and settles above it, hinting the attempt to recover and return to the main bullish track again, motivated by stochastic positivity.
Therefore, the bullish bias will be suggested for today unless breaking 749.00 and holding below it again, noting that the first positive target is located at 763.10.
The expected trading range for today is between 740.00 support and 760.00 resistance.
The expected trend for today: Bullish
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