Corn price recently tested the pivotal resistance level at 433.50, yet it encountered difficulty in surpassing it. This level stands as one of the crucial trend indicators, alongside the support at 423.80. As emphasized in our preceding reports, a decisive breach of either of these levels is necessary to clarify the next trajectory for the price. Consequently, we maintain a neutral stance until further developments unfold.
For a comprehensive insight into the technical factors influencing the price and the projected targets following a breach of the mentioned levels, please refer to our previous report on corn price.
The envisaged trading range for today fluctuates between the support at 420.00 and the resistance at 435.00.
Expected Trend for Today: Neutral
