Corn price gathers the positive momentum – Analysis - 02-10-2020

Corn price shows some bearish bias to approach testing the minor support base 380.00, affected by stochastic negativity that gets rid of its negative momentum to approach the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 396.30 level as a next main station.

Therefore, we will keep our bullish overview supported by the EMA50, organized inside the bullish channel that appears on the chart, reminding you that it is important to hold above 375.40 to continue the expected rise.

The expected trading range for today is between 375.00 support and 390.00 resistance.

The expected trend for today: Bullish