Corn price attempts to recover – Analysis - 24-05-2022
Economies.com
2022-05-24 04:19AM UTC
Corn price provided clear positive trades yesterday to test the EMA50, but as long as the price is below 777.20, our bearish overview will remain valid for the upcoming period, waiting to get negative motive that assist to push the price to break 763.10 and confirm opening the way to head towards 749.00 as a next negative target.
Note that breaching 777.20 will lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 760.00 support and 775.00 resistance.
The expected trend for today: Bearish
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