Corn price tests the support – Analysis - 22-05-2020
Economies.com
2020-05-22 00:54AM UTC
Corn Price tested the bullish channel’s support line that appears on the chart and settles near it, waiting to break this support to confirm the extension of the bearish wave that targets 307.60 followed by 300.00 levels mainly.
In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 326.10 and hold above it.
The expected trading range for today is between 310.00 support and 326.10 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities
Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...
Commodities Technical Analysis
Commodities
Wheat price returns to the channel – Forecast today - 15-05-2024
2024-05-15 03:38AM UTC
Wheat Price Analysis Expected Scenario Wheat price ended yesterday with clear negativity, ...
Commodities
Sugar price keeps declining – Forecast today - 15-05-2024
2024-05-15 03:38AM UTC
Sugar Price Analysis Expected Scenario Sugar price provided more negative trades ...
Commodities
Corn price under the negative pressure – Forecast today - 15-05-2024
2024-05-15 03:38AM UTC
Corn Price Analysis Expected Scenario Corn price couldn’t manage to hold for long ...