Commodities

Corn price suffers intraday losses – Analysis - 01-12-2020

2020-12-01 05:01:34 GMT (Economies.com)

Corn price faced strong negative pressure yesterday to touch the main bullish channel’s support line that appears on the chart, noticing that the price begins bouncing bullishly from there, supported by the positive signal provided by stochastic, which supports the chances of achieving more rise in the upcoming sessions.

 

Therefore, the bullish bias will be expected for today, and the targets begin at 437.50 and extend to 450.00, noting that breaking 424.00 will stop the bullish trend and press on the price to start correctional bearish wave.

 

The expected trading range for today is between 422.00 support and 437.00 resistance.

 

The expected trend for today: Bullish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.