Corn price recovers by the week’s open – Analysis - 16-05-2022
Economies.com
2022-05-16 04:10AM UTC
Corn price opened today with bullish gap that put the price at 794.60 again, to keep the positive scenario active for the upcoming period, waiting to breach the mentioned level to confirm extending the bullish wave towards 808.00 level.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 777.20 and holding below it.
The expected trading range for today is between 780.00 support and 800.00 resistance.
The expected trend for today: Bullish
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