Corn price surpasses the first target – Analysis - 24-01-2020
Economies.com
2020-01-24 05:46AM UTC
Corn Price succeeded to achieve our first target at 394.10 and breached it to settle above it, which supports the expectations of continuing the bullish trend on the intraday and short term basis, reinforced by the EMA50 that carries the price from below, waiting to visit 400.00 level as a next target.
We should note that breaking 394.10 and holding below it will stop the expected rise and press on the price to decline towards 386.30 areas again before any new attempt to rise.
The expected trading range for today is between 390.00 support and 400.00 resistance.
The expected trend for today: Bullish
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