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Corn price tests the resistance – Analysis - 20-05-2020
Corn Price tested 326.10 and bounced bearishly from there, accompanied by witnessing clear negative signals through stochastic, which supports the expectations of continuing the bearish trend in the upcoming period, noting that our targets begin by breaking 317.00 to open the way to head towards the recently recorded low at 307.60.
On the other hand, we should note that breaching 326.10 will lead the price for bullish correction that its next target reaches 337.60.
The expected trading range for today is between 310.00 support and 326.10 resistance.
The expected trend for today: Bearish
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