Corn price trades positively to move away from the breached resistance of the bearish channel, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our first waited positive target at 550.00.
Moving above the EMA50 supports the suggested positive scenario, reminding you that it is important to hold above 530.00 to continue the expected bullish wave.
The expected trading range for today is between 535.00 support and 550.00 resistance.
The expected trend for today: Bullish