Corn price gets the positive momentum – Analysis - 17-09-2021

Corn price fluctuates at the breached resistance of the bearish channel, and still above it until now, noticing that stochastic shows clear oversold signals, waiting to motivate he price to resume the expected bullish trend for the upcoming period, which its next target located at 557.00.

We should note that breaking 528.50 and holding below it will stop the expected rise and press on the price to return to the main bearish track again.

The expected trading range for today is between 523.00 support and 540.00 resistance.

The expected trend for today: Bullish