Corn price breaks the support – Analysis - 23-06-2021
Economies.com
2021-06-23 04:15AM UTC
Corn price faced negative pressure yesterday to break 572.70 level and settles below it again, which reactivates the bearish trend scenario and opens the way to head towards 526.20 on the near term basis, making the bearish bias expected in the upcoming sessions.
The EMA50 supports the expected decline, which will remain valid unless breaching 572.70 and holding above it.
The expected trading range for today is between 540.00 support and 575.00 resistance.
The expected trend for today: Bearish
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