Forex
Corn price awaits the break – Analysis - 26-05-2020
2020-05-26 00:24:18 GMT
(Economies.com)
Corn Price continues to fluctuate at the bullish channel’s support line that appears on the chart, falling under the negative pressure formed by the EMA50, while stochastic loses its positive momentum.
Therefore, these factors support the chances of breaking the mentioned support to confirm the continuation of the expected bearish wave for the upcoming period, which its next main target located at 307.60, reminding you that holding below 326.10 represents key condition to achieve the waited targets.
The expected trading range for today is between 310.00 support and 324.00 resistance.
The expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1312
|
-0.0019
|
0.1694%
|
|
|
|
|
1.2648
|
0.0141
|
1.1298%
|
|
|
|
Tadawul
|
7416.67
|
22.41
|
0.30%
|
|
|
|
|
18.674
|
0.328
|
1.788%
|
|
|
|
|
40.130
|
-0.105
|
0.261%
|
|
|
|
|
42.89
|
0.54
|
1.28%
|
|
|
|
|
1798.740
|
12.755
|
0.714%
|
|
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