Corn price leans on the support – Analysis - 18-02-2020

Corn Price touched the sideways range’s support line at 380.10 and bounced bullishly to hind the price head to visit this range’s resistance at 394.10 in the upcoming period, to keep the sideways bias dominant on the intraday trading until the price manages to exit the mentioned range.

We remind you that breaking 380.10 support will press on the price to visit 61.8% Fibonacci correction level as a next negative target, while breaching 394.10 will push the price to resume the main bullish trend that its next targets located at 400.00 followed by 406.60.

The expected trading range for today is between 378.00 support and 387.00 resistance.

The expected trend for today: Sideways