Corn price resumes the decline – Analysis - 01-12-2022
Economies.com
2022-12-01 04:07AM UTC
Corn price bounced downwards clearly yesterday to break the symmetrical triangle’s support line that appears on the chart, reinforcing the expectations of continuing the bearish trend, opening the way to head towards our waited negative target at 652.10.
Moving below the EMA50 supports the expected decline, which will remain valid unless breaching 673.50 and holding above it.
The expected trading range for today is between 650.00 support and 670.00 resistance.
The expected trend for today: Bearish
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