Corn price suffers sharp losses – Analysis - 13-07-2020

Corn Price traded with sharp negativity on last Friday to break 346.80 level and attacks 337.60, starting today with new strong decline to break the last level and open the way to rally towards more negative targets in the upcoming sessions, on its way to visit 326.10 as a next main station.

Therefore, we suggest witnessing more decline today, noting that breaking the targeted level will extend the bearish wave to reach 315.00 as a next target, while the expected decline will remain valid unless breaching 337.60 and holding above it.

The expected trading range for today is between 320.00 support and 340.00 resistance.

The expected trend for today: Bearish