Corn price breaches the resistance – Forecast today - 24-04-2024

Corn Price

Expected Scenario

• Corn price managed to breach the 449.20$ level and close the daily candlestick below it, reinforcing the expectations of continuing the correctional bullish trend, affected by the previously completed inverted head and shoulders’ pattern, reminding you that our awaited targets begin at 461.90$ and extend to 474.70$.
• The EMA50 supports the continuation of the suggested bullish wave, which will remain valid unless breaking 443.50$ and holding below it.

Expected Trading Range

The expected trading range for today is between 445.00$ support and 460.00$ resistance.