Corn price faces solid resistance – Analysis - 22-07-2021

2021-07-22 04:15:31 GMT (Economies.com)
 

Corn price finds difficulty to surpass 571.50 level, to show some bearish bias and approach testing the key support 559.00, accompanied by stochastic reach to the oversold areas.

 

Therefore, we believe that the chances valid to resume the bullish trend in the upcoming sessions, and the next target reaches 584.10, noting that breaking 559.00 will stop the expected rise and press on the price to return to the main bearish track again.

 

The expected trading range for today is between 555.00 support and 575.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1844
0.0056
0.4776%
1.3907
0.0110
0.7955%
Tadawul
10933.73
22.68
0.21%
24.988
-0.224
0.888%
72.415
0.774
1.080%
74.74
0.31
0.42%
1808.515
6.380
0.354%
 
 
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