Corn price completes new positive pattern – Forecast today - 20-03-2024

Corn price completed forming bullish pennant pattern that appears on the chart after breaching its resistance yesterday, to get new positive motive that supports the expectations of continuing the domination of the bullish correction, waiting to visit 449.20 as a next target.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions, noting that breaching the targeted level will push the price towards 461.90 as a next positive station, while holding above 433.50 represents key condition to the continuation of the expected rise.

The expected trading range for today is between 435.00 support and 450.00 resistance.

Trend forecast: Bullish