Corn price resumes the rise – Forecast today - 26-04-2024

Corn Price Analysis

Expected Scenario

• The price of corn bounced bullishly after approaching the breached neckline of the positive pattern.
• It surpassed the 449.20$ level and settled above it again, reinforcing expectations of continuing the correctional bullish trend.
• The next main targets are 461.90$ followed by 474.70$.
• The EMA50 continues to support the suggested bullish wave, conditioned by price stability above 443.50$.

Expected Trading Range

Between the support at 445.00$ and the resistance at 460.00$.