Technical analysis: CBOT corn waits for the bearish trend to resume on July 6

July 6th, Economies analysts’ latest opinion today: CBOT corn prices stabilized below the 509.50 level, and continued to bear negative pressure under the influence of the head and shoulders pattern, waiting for the bearish trend to resume in order to achieve the expected bearish target, from 467.00 Start and extend to 435.60.

Therefore, a bearish view is in place for some time to come unless the price rebounds above 509.50 and then breaks above the 529.50 level and stays above it.

Today’s expected trading range is between 460.00 support and 510.00 resistance.