Midday update for Corn price 16-10-2020

Corn price shows new positive trades to approach our waited target at 411.00, reinforcing the expectations of achieving more gains for the rest of the day, being aware that it is important to monitor the price when reaching the mentioned level, as breaching it will extend the bullish wave on the short term and medium term basis, while holding against the bullish rally will force the price to start correctional bearish wave for the rise that started from 365.00 areas.

The expected trading range for today is between 400.00 support and 411.00 resistance.

The expected trend for today: Bullish