Midday update for Corn price 08-04-2020

Corn Price continues to fluctuate around the bearish channel’s resistance and attempts to breach it, which urges caution from the upcoming trading, as confirming the stability above 336.00 will stop the recently suggested negative scenario and push the price to achieve bullish correction that its targets begin at 342.40, while the price needs to break 334.40 to reinforce the chances of resuming the main bearish trend that its next target located at 324.30.

The expected trading range for today is between 325.00 support and 340.00 resistance.

The expected trend for today: Bearish