Corn price tests the support base – Forecast today - 29-04-2024

Corn Price Analysis

• Corn price is testing 449.20$ level and keeps its stability above it, accompanied by witnessing clear oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target located at 461.90$.
• Therefore, the positive scenario will remain valid and active, noting that it is important to hold above 449.20$ and 443.10$ levels to achieve the waited targets.

The expected trading range for today is between 445.00$ support and 460.00$ resistance.

Trend forecast: Bullish