Midday update for Corn price 23-04-2021
Economies.com
2021-04-23 10:41AM UTC
Corn price shows bearish rebound after reaching the bullish channel’s resistance that appears on the chart, which urges caution from the upcoming trading, as the continuation of the bearish bias and breaking 625.00 level will press on the price to achieve bearish correction before turning back to rise again, to target 609.00 initially.
Note that the price needs to breach 655.00 to reinforce the expectations of continuing the main bullish trend that its next target located at 689.00.
The expected trading range for today is between 635.00 support and 680.00 resistance.
The expected trend for today: Bullish
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