Corn price within negative pattern – Analysis - 07-08-2020
Economies.com
2020-08-07 04:15AM UTC
Corn price continues to fluctuate inside the bearish flag represented by the intraday bullish channel that appears on the chart, waiting to break 317.60 to activate this pattern, noting that our next main target is located at 307.60.
The EMA50 keeps pressing negatively on the price to support the expectations to decline, which will remain valid and active unless breaching 326.10 level and holding above it.
The expected trading range for today is between 310.00 support and 321.00 resistance.
The expected trend for today: Bearish
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