Corn price leaned on the bullish channel’s support line that appears on the chart and bounced bullishly to start new bullish wave that targets testing 600.00 barrier initially, which breaching it represents the key to extend gains to reach 625.00.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 567.00 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 575.00 support and 595.00 resistance.
The expected trend for today: Bullish