Corn price’s recent trades are confined within bullish pennant pattern as appears on the minor image, thus, the price needs to breach 536.30 to confirm rallying towards more positive targets that reach 551.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 515.50 and holding below it.
The expected trading range for today is between 530.00 support and 515.50 resistance.
The expected trend for today: Bullish