Corn price keeps its negative stability – Analysis - 09-04-2020
Economies.com
2020-04-09 04:32AM UTC
Corn Price ended yesterday below the main bearish channel’s resistance, to keep the bearish trend scenario active for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to head towards 324.30 that represents our next main target.
On the other hand, we should note that breaching 336.00 and holding above it will stop the expected decline and leads the price to start bullish correction on the intraday basis.
The expected trading range for today is between 325.00 support and 340.00 resistance.
The expected trend for today: Bearish
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