Technical analysis: CBOT corn prices tried to resume rising on July 19

July 19th, Economies analysts’ latest views today: CBOT corn prices rose strongly yesterday, broke through and stabilized above 509.50, and started to rise further after the opening today and broke through 529.60, which interrupted the recent downtrend and caused the price to start Attempt to resume gains on an intraday basis with the aim of testing 569.30 as the first upside target.

Therefore, today we think that the price will rise, it is worth noting that a break below 509.50 will stop the expected rise and push the price to fall again.

Today’s trading range is expected between 530.00 support and 560.00 resistance.