Corn price breaks the support – Forecast today - 28-03-2024
Economies.com
2024-03-28 03:08AM UTC
Corn Price Analysis
Bearish Scenario
- Corn price confirmed breaking 433.50$ level after closing yesterday below it.
- Reinforcing the expectations of continuing the domination of the bearish trend in the upcoming period.
- Opening the way to target 424.20$ followed by 415.50$ levels as next negative stations.
Negative Pressure
The EMA50 forms negative pressure that supports the continuation of the expected decline.
Will remain valid unless breaching 433.50$ and holding above it again.
Trading Range
The expected trading range for today is between 420.00$ support and 435.00$ resistance.
Trend forecast: Bearish
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