Corn price has successfully surpassed the resistance line visible on the chart, maintaining its position above this level. This breakout indicates the potential for anticipated gains in the intraday context. Market analysts have set their sights on the key targets, with the price aiming to visit the 497.00 level, followed by the 509.50 levels as the primary positive milestones.
The prevailing sentiment in the market is decidedly bullish for the upcoming trading sessions unless a significant breach below the 480.60 level materializes.
For today’s trading outlook, the expected range is projected to fluctuate between support at 480.00 and resistance at 495.00, further underscoring the bullish trend that characterizes the market.
Investors and traders are advised to monitor developments in corn prices closely, considering the current bullish momentum for potential trading opportunities.
