Corn price breaches the resistance – Analysis - 05-05-2021

2021-05-05 00:58:07 GMT (Economies.com)
 

Corn price breached 683.60 level strongly and settled above it, to regain the main bullish track and head towards achieving gains that start at 700.00 and extend to 730.00, supported by the EMA50.

 

Therefore, the bullish bias will be suggested for the upcoming sessions unless breaking 677.50 followed by 667.00 levels and holding below them.

 

The expected trading range for today is between 680.00 support and 710.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2169
-0.0004
0.0288%
1.4151
0.0016
0.1096%
Tadawul
10322.68
86.96
0.85%
27.526
-0.279
1.002%
64.997
-0.395
0.604%
68.34
0.03
0.04%
1834.935
-9.290
0.504%
 
 
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