The price of corn persists in its oscillation near the 455.00 level, encountering resistance in its attempts to breach. The current market dynamics lean towards a bullish scenario, provided the 450.00 level remains unbreached. The anticipation is for the price to target 462.40 as the subsequent correctional objective.
It is essential to highlight that a breach of the 450.00 level could alter the anticipated upward movement, prompting a potential return to the primary bearish trajectory.
For today’s trading parameters, the envisaged range oscillates between the support at 450.00 and the resistance at 460.00.
In summary, the expected trend for today is bullish, contingent on the crucial support level of 450.00 holding firm. Traders are advised to monitor market developments closely for potential shifts in the current dynamics.
