Corn price gathers the positive momentum – Analysis - 23-01-2020

Corn Price fluctuates around the bullish channel’s support line, getting positive support by the EMA50, while stochastic gets rid of the negative momentum and attempts to gather the positive momentum on the intraday time frames.

Therefore, our bullish overview will remain valid for the upcoming period, waiting to breach 394.1 to confirm extending the bullish wave towards 400.0 as a next target, reminding you that it is important to hold above 386.3 to continue the expected rise.

The expected trading range for today is between 386.0 support and 398.0 resistance.

The expected trend for today: Bullish