Commodities

Midday update for Corn price 30-11-2020

2020-11-30 11:36:13 GMT (Economies.com)

Corn price trades with clear negativity now, affected by stochastic negativity, to approach the key support 433.00, which urges caution from the upcoming trading, as breaking this level will stop the morning suggested positive scenario and puts the price under intraday negative pressure that targets 423.00 before turning back to rise again, while the price needs to surpass 438.40 to confirm resuming the main bullish trend that its next target extends to 450.00.

 

The expected trading range for today is between 433.00 support and 445.00 resistance.

 

The expected trend for today: Bullish

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