Corn price surpasses the resistance – Analysis - 08-03-2021

Corn price opens today’s trading with clear rise to surpass the intraday resistance line and settles above it, which leads the price to turn to rise and regain the main bullish trend, on its way to achieve positive targets that start at 570.40.

Therefore, we expect witnessing more rise in the upcoming sessions, noting that breaking 545.00 and holding below it will stop the positive scenario and put the price under the negative pressure again.

The expected trading range for today is between 545.00 support and 565.00 resistance.

The expected trend for today: Bullish