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Corn price loses momentum – Forecast today - 17-10-2024
Corn price provided slight positive trades yesterday, noticing that stochastic lost its positive momentum and begins to overlap negatively now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 405.20$.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless breaching 416.30$ and holding above it.
The expected trading range for today is between 400.00$ support and 415.00$ resistance
Trend forecast: Bearish
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