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Corn price resumes the decline – Analysis - 20-10-2022
Corn price resumed its negative trading to approach 673.50 level, reinforcing the expectations of continuing the bearish trend, supported by the EMA50 that presses negatively on the price, noting that breaking the mentioned level will extend the correctional bearish wave to reach 652.10.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 698.00 and hold above it.
The expected trading range for today is between 670.00 support and 687.00 resistance.
The expected trend for today: Bearish
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