Corn price hits the positive target – Analysis - 31-05-2022
Economies.com
2022-05-31 04:07AM UTC
Corn price managed to touch our waited target at 763.10 and finds solid resistance there, to rebound downwards clearly and resume the bearish track, approaching 749.00 level, noting that breaking this level will push the price to suffer additional losses that reach 740.00 followed by 731.60.
Therefore, we expect to witness more bearish bias in the upcoming sessions unless the price rallied to breach 763.10 and hold above it.
The expected trading range for today is between 740.00 support and 760.00 resistance.
The expected trend for today: Bearish
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