Corn price under the negative pressure – Analysis - 14-06-2021
Economies.com
2021-06-14 04:43AM UTC
Corn price ended last Friday below 648.10 level, starting today with strong decline to break 624.80 level and settles below it, which puts the price under more expected negative pressure in the upcoming period, targeting 601.50 followed by 572.70 levels as next main stations.
Therefore, the bearish bias will be expected for today, noting that breaching 624.80 will motivate the price to start new recovery attempts and test 648.10 areas initially.
The expected trading range for today is between 600.00 support and 630.00 resistance.
The expected trend for today: Bearish
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