Corn price retests the broken support – Analysis - 07-01-2022
Economies.com
2022-01-07 04:57AM UTC
Corn price retests the broken support line of the bullish channel that appears on the chart, accompanied by witnessing overbought signals through stochastic, waiting to motivate the price to resume the expected bearish bias for the upcoming period, which its targets begin by surpassing 592.10 to head towards 576.60.
Holding below 605.00 is important to continue the expected decline, as breaching it will push the price back to the bullish channel to resume the main bullish trend again.
The expected trading range for today is between 590.00 support and 610.00 resistance.
The expected trend for today: Bearish
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