Corn price crawls downwards – Analysis - 25-09-2020
Economies.com
2020-09-25 04:05AM UTC
Corn price shows sideways trading since yesterday, keeping its stability inside the intraday bearish channel, waiting to resume the bearish bias that targets testing 362.40 mainly, supported by the negative pressure formed by the EMA50.
Therefore, the bearish trend will remain suggested for the upcoming sessions, noting that breaching 368.30 will push the price to test 375.40 level before any new attempt to decline.
The expected trading range for today is between 360.00 support and 370.00 resistance.
The expected trend for today: Bearish
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