Corn price touches the previous low – Analysis - 29-11-2023
Economies.com
2023-11-29 04:05AM UTC
Corn price continued to decline to touch 470.60 level, starting today with new negativity to support the chances of surpassing this level and open the way to continue the decline on the intraday basis, reminding you that our next target is located at 462.00.
Therefore, the bearish trend scenario will remain active, supported by the negative pressure formed by the EMA50, noting that breaching 476.00 will turn the intraday to rise to head towards testing 481.30 before determining the next trend clearly.
The expected trading range for today is between 465.00 support and 475.00 resistance.
The expected trend for today: Bearish
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