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Corn price tests the moving average – Analysis - 21-10-2022
Corn price returns to provide intraday positive trades, but it hits the resistance formed by the EMA50, accompanied by witnessing clear negative signals through stochastic, thus, we believe that the chances are valid to resume the bearish bias in the upcoming sessions, waiting to test 673.50 level initially.
Therefore, our bearish overview will remain valid and active conditioned by the price stability below 695.00.
The expected trading range for today is between 670.00 support and 692.00 resistance.
The expected trend for today: Bearish
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