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On June 5, Economies.com’s analysts’ latest opinion today: CBOT corn prices rose strongly in the past few trading days, breaking through 555.90, and approaching the 38.2% Fibonacci correction level of 574.30, which will be realized in the next few trading days A fresh upside correction for the day, note that a break above the last level will push the price towards the next target at 589.20.
Therefore, in the next few trading days, supported by EMA50, there will be an upside tendency. A break above 555.90 will stop the rise and push the price lower.
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Today’s expected trading range is between 560.00 support and 580.00 resistance.
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