Technical analysis: CBOT corn reaches first target position

On June 1, the analysts of Economies.com have the latest opinion today: CBOT corn reached the first target of 542.00, and the price rebound provided a positive signal, or it will test the key resistance of 555.90, which makes the next transactions need to be cautious, if If the price stabilizes below it, it indicates that the bearish expectation is valid, and the lower target is 526.10; if the price breaks through it, it will stop the bearishness and push the price to rise again, with the upper target at 574.30. Today’s trading range is expected to be between 540.00-560.00.