Corn price begins negatively – Analysis - 27-06-2022
Economies.com
2022-06-27 04:14AM UTC
Corn price opened today’s trading with bearish gap that puts the price near 660.00 level again, noticing that stochastic provides clear negative signals now, waiting to motivate the price to break the mentioned level and open the way to head towards our extended negative targets that reach 622.40 followed by 580.00.
Therefore, the bearish trend scenario will remain valid in the upcoming sessions, affected by the previously completed head and shoulders’ pattern, noting that the continuation of the bearish wave requires holding below 700.00.
The expected trading range for today is between 650.00 support and 685.00 resistance.
The expected trend for today: Bearish
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