Corn prices have displayed new positive movements in today’s trading, driven by the support of stochastic indicators, reinforcing the continuation of the anticipated bullish trend in the short-term and intraday perspectives. The initial target for this upward momentum is set at the 509.50 level.
Furthermore, the EMA50 maintains its support for the expected bullish wave, which has additional targets at 517.60 after successfully surpassing the previously mentioned level. However, it is crucial to be cautious as breaking below 496.00 will signal a halt in the anticipated rise, potentially leading to a shift towards a bearish trend.
For today’s trading session, the expected range is likely to be between the support at 497.00 and the resistance at 510.00. The prevailing trend is bullish.
