Corn price gathers the positive momentum – Forecast today - 19-03-2024
Economies.com
2024-03-19 02:24AM UTC
Corn price provided slight negative trades yesterday to test the EMA50 that forms good intraday support against the price, noticing that stochastic attempts to gather the positive momentum again, waiting to motivate the price to resume the correctional bullish wave, which its next target located at 449.20.
Therefore, the bullish trend will remain valid and suggested for the upcoming period unless breaking 433.50 and holding with a daily close below it.
The expected trading range for today is between 435.00 support and 450.00 resistance.
Trend forecast: Bullish
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