Commodities

Corn price begins positively – Analysis - 21-09-2020

2020-09-21 03:58:06 GMT (Economies.com)

Corn price begins today with bullish bias in attempt to move away from the bullish channel’s support line that appears on the chart, to keep the bullish trend scenario valid and active for the upcoming sessions, supported by the EMA50, waiting to head towards 390.00 that represents our next main target.

 

On the other hand, we should note that the continuation of the bullish wave requires holding above 375.40.

 

The expected trading range for today is between 375.00 support and 390.00 resistance.

 

The expected trend for today: Bullish

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