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Corn price gets a positive motive – Forecast today - 21-08-2024
Corn price resumed its positive trading to reach our first waited target at 397.50$, noticing that stochastic overlaps positively now to motivate the price to provide more expected positive trades in the upcoming sessions, waiting to head towards 405.20$ as a next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 387.30$ will stop the bullish wave and push the price to resume the main bearish track again.
The expected trading range for today is between 390.00$ support and 405.00$ resistance.
Trend forecast: Bullish
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