Corn price tests the resistance – Analysis - 28-01-2020

Corn Price provided positive trading to test the key resistance 386.30 and keeps its stability below it, accompanied by stochastic loss to the positive momentum gradually, which supports the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period, which targets testing 380.10 level as a first station, reminding you that breaking this level will push the price to 373.80 as a next station.

We should note that breaching 386.30 will stop the expected decline and leads the price to regain the main bullish trend.

The expected trading range for today is between 380.00 support and 390.00 resistance.

The expected trend for today: Bearish