Technical analysis: CBOT corn price breaks resistance level

On June 21, analysts from Economies have the latest view today: CBOT corn prices rose significantly at the opening today, breaking through the 604.00 level and stabilizing above it, confirming the continuation of the bullish trend and opening the road to 622.40 as the next target.

Therefore, with the support of EMA50, which brings the price from below, the bullish trend will continue, and it is worth noting that a break of 604.00 will stop the expected uptrend and push the price to turn down.

Today’s expected trading range is between 604.00 support and 622.40 resistance.