Corn prices are currently testing the critical level of $449.20, maintaining stability above it and displaying clear oversold signals via stochastic indicators. This signals a potential resumption of the bullish trend in the upcoming period, with the next target identified at $461.90.
The viability of a positive scenario hinges on maintaining levels above $449.20 and $443.10, essential for achieving the anticipated targets.
For today’s trading, the expected range stands between $445.00 support and $460.00 resistance.
Trend Forecast: Bullish