Corn price hits the positive target – Analysis - 10-07-2020

Corn Price managed to reach our suggested positive target at 356.10, and the price finds solid resistance there, to rebound bearishly and test the key support 346.80, as it faces contradicted factors that make us prefer staying aside until the price manages to breach one of the mentioned levels and detect its next destination clearly.

Note that breaking the mentioned support will press on the price to return to the main bearish track and head towards 337.60 initially, while breaching 356.10 resistance will lead the price to achieve additional gains that reach 367.60.

The expected trading range for today is between 340.00 support and 357.00 resistance.

The expected trend for today: Neutral