Corn price faces solid resistance – Forecast today - 03-04-2024
Economies.com
2024-04-03 02:34AM UTC
Corn Price Update
Corn Analysis
- The corn price bounced downwards strongly yesterday after encountering solid resistance at 449.20$.
- It tested the key support level at 433.50$.
- The price consolidates above this level, keeping the chances valid for continuing the correctional bullish trend.
- Supported by stochastic reaching oversold areas.
- Waiting for positive trades in the upcoming sessions.
- The first target is represented by testing 449.20$ again.
- Breaking 433.50$ will stop the correctional bullish scenario and push the price to decline again.
Expected Trading Range for Today
- Between 430.00$ support and 445.00$ resistance.
Trend Forecast: Bullish
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