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Corn price loses momentum – Forecast today - 30-10-2024
Corn price fluctuates around the EMA50, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin at 416.30$ and extend to 405.20$ after breaking the previous level.
On the other hand, we should note that breaching 425.30$ will stop the expected decline and lead the price to achieve new gains that reach 434.30$.
The expected trading range for today is between 410.00$ support and 428.00$ resistance.
Trend forecast: Bearish
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