Corn price under the negative pressure – Analysis - 26-07-2021

Corn price broke 559.00 level strongly and decline to break 543.40 level and settles below it, confirming stopping the correctional positive scenario and the return to the bearish track again, on its way to achieve more decline that targets 518.20 areas on the near term basis.

Therefore, the bearish bias will be suggested in the upcoming period unless the price rallied to breach 543.40 followed by 559.00 levels and holding above them.

The expected trading range for today is between 525.00 support and 550.00 resistance.

The expected trend for today: Bearish