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Corn price awaits more rise – Analysis - 16-10-2023
Corn price shows new positive trades by today’s open, motivated by stochastic positivity, which supports the continuation of the expected bullish trend on the intraday and short-term basis, which its targets begin by testing 509.50 level.
The EMA50 continues to support the suggested bullish wave, which its targets extend to 517.60 after surpassing the previous level, noting that breaking 496.00 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 497.00 support and 510.00 resistance.
The expected trend for today: Bullish
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