Corn price begins bearish correction – Analysis - 02-12-2020
Economies.com
2020-12-02 04:57AM UTC
Corn price broke the main bullish channel’s support line strongly and settled below it, to confirm the beginning of the correctional bearish wave for the rise that started from 315.20 areas, opening the way to head towards 409.80 that represents our first correctional target.
Therefore, the bearish bias will be suggested in the upcoming sessions unless the price rallied to breach 425.90 and hold above it.
The expected trading range for today is between 409.80 support and 425.00 resistance.
The expected trend for today: Bearish
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