Corn price continues to decline – Analysis - 07-12-2022
Economies.com
2022-12-07 04:53AM UTC
Corn price provided clear negative trades yesterday to reach our waited target at 634.80 and settles near it, waiting to break this level to open the way to head towards 61.8% Fibonacci correction level at 617.40.
The EMA50 continues to support the expected bearish wave, which will remain valid conditioned by the price stability below 652.10.
The expected trading range for today is between 625.00 support and 642.00 resistance.
The expected trend for today: Bearish
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