Advertisements

Corn Price Remains in a Sideways Range

by Jennifer

Corn price has encountered challenges in breaking through the key level at 487.90, leading to indecisive price movements. The market has made several attempts to trade positively and has even tested the EMA50. However, it has since declined and is once again pressing against the aforementioned support. The next significant step for the market would be a break below this support, signaling a potential move towards 481.30 as the next negative target.

As the current conditions persist, we maintain our bearish outlook for the forthcoming period, with the bearish sentiment dominating unless the price successfully rallies to breach 493.20 and maintains a position above this level.

Advertisements

The expected trading range for today is between the support level at 481.00 and the resistance level at 491.00.

Advertisements

Current Trend: Bearish

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News