Corn price shows slight bearish bias to move around 467.00$, noticing that stochastic got rid of its negative momentum to enter the oversold areas, waiting to motivate the price to resume the positive trades and visit 474.70$ that represents our next target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 461.90$ will stop the expected rise and push the price to turn to decline.
Trend Forecast: Bullish