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Corn price builds support base – Forecast today - 08-11-2024
Corn price leaned on the support base formed above 434.30$ and bounced upwards in attempt to resume the expected bullish trend for the upcoming period, which targets 445.40$ as a next station.
Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis, supported by the EMA50, noting that it is important to hold above 434.30$ to achieve the waited targets.
The expected trading range for today is between 433.00$ support and 445.00$ resistance.
Trend forecast: Bullish
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