Corn price is stable – Analysis - 03-08-2020
Economies.com
2020-08-03 03:54AM UTC
Corn price settles around 320.00 level, noticing that stochastic loses its positive momentum gradually, while the EMA50 keeps pressing negatively on the price.
Therefore, these factors support the expectations of continuing the bearish trend in the upcoming sessions, which targets 315.00 followed by 307.60 levels as next main stations, while holding below 326.10 represents key condition to achieve them.
The expected trading range for today is between 315.00 support and 326.00 resistance.
The expected trend for today: Bearish
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