Corn price breaches the resistance – Analysis - 16-09-2021

2021-09-16 04:30:32 GMT (Economies.com)
 

Corn price breached the key resistance 534.50 clearly and settled above it, to exit the bearish channel that appears on the chart, which leads the price to turn to rise on the intraday and short term basis, on its way to achieve positive targets that start at 557.00.

 

Holding above 530.00 is important to continue the expected bullish trend, as breaking it will push the price back to the bearish channel again.

 

The expected trading range for today is between 530.00 support and 545.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1606
-0.0005
0.0435%
1.3751
0.0012
0.0884%
Tadawul
11875.11
29.18
0.25%
24.404
1.090
4.675%
84.797
1.451
1.741%
86.38
0.84
0.98%
1800.675
30.935
1.748%
 
 
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