Corn price rallied upwards strongly yesterday to succeed reaching few pips away from our waited target at 337.60, noticing that the price begins to rebound bearishly from there, supported by the negative signal that appears on stochastic, which hints that the price is on its way to start intraday bearish wave that targets testing 326.10 level mainly.
Therefore, the bearish bias will be suggested for the upcoming sessions, noting that breaching 337.60 will push the price to achieve new gains that reach 346.80.
The expected trading range for today is between 326.00 support and 337.60 resistance.
The expected trend for today: Bearish