Corn price declines strongly – Analysis - 06-07-2022
Economies.com
2022-07-06 04:11AM UTC
Corn price declined sharply in the previous sessions to reach our new negative target at 580.00, expecting the continuation of the negative pressure to surpass this level followed by 575.00 and head towards 540.00 areas as a next main station.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 622.40 and hold above it.
The expected trading range for today is between 550.00 support and 600.00 resistance.
The expected trend for today: Bearish
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