Corn Price Analysis
Expected Scenario
- Corn price couldn’t manage to hold for long time above 474.70$, to trade with clear negativity in the previous sessions and settle below it, which puts the price under expected negative pressure in the upcoming sessions, on its way to achieve negative targets that start by testing 461.90$.
- On the other hand, we should note that breaching 474.70$ and holding above it will reactivate the positive scenario and lead the price to achieve new gains that reach 490.40$.
Expected Trading Range
Between 460.00$ support and 476.00$ resistance.
Trend Forecast: Bearish