Corn price gets the positive momentum – Analysis - 24-02-2021
Economies.com
2021-02-24 05:26AM UTC
Corn price finds difficulty to return to the bullish channel that appears on the chart, noticing that the EMA50 continues to support the price from below, while stochastic gains clear positive momentum now.
Therefore, we believe that the chances valid to resume the positive attempts and continue the main bullish trend, waiting to visit 570.40 level as a next main target, reminding you that it is important to hold above 535.00 to achieve the waited targets.
The expected trading range for today is between 545.00 support and 560.00 resistance.
The expected trend for today: Bullish
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