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Corn price begins bullish correction – Analysis - 25-01-2024
Corn price breached 455.00 level clearly and closed the daily candlestick above it, to confirm starting bullish correction for the decline measured from 494.00 to 442.90, on its way to visit 462.40 as a next correctional target, noting that breaching it will push the price to 468.40 direct.
Therefore, the bullish bias will be suggested for the upcoming period unless breaking 455.00 and holding below it.
The expected trading range for today is between 455.00 support and 465.00 resistance.
The expected trend for today: Bullish
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