Corn price breaks the support – Analysis - 27-01-2020

Corn Price traded with strong negativity to break 394.10 followed by 386.30 levels and settles below the last level now, which stops the recently suggested positive scenario and push the price to achieve more expected decline in the upcoming sessions, on its way to visit 380.10 level as a next negative target.

Therefore, the bearish bias will be suggested for today, noting that breaching 386.30 and holding above it will stop the current negative pressure and push the price to recover again.

The expected trading range for today is between 380.00 support and 390.00 resistance.

The expected trend for today: Bearish