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Corn price attempts to recover – Forecast today - 13-06-2024
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Corn price attempts to recover – Forecast today - 13-06-2024
Jun 12, 2024 10:01 PM

Corn Price Analysis Expected Scenario Corn price shows positive trades to head towards potential test to the key resistance 461.90$, which represents one of the next trend keys besides 449.20$ support, to continue neutral until the price confirms breaching one of these levels followed by detecting its next targets clearly. The contradiction between the technical factors provides another reason for neutrality, noting that the continuation of the rise and breaching the mentioned resistance will lead the price to achieve new bullish correction that its next target reaches 474.70$, while breaking the support will put the price under negative pressure to head towards testing 433.50$ on the near-term basis. Expected Trading Range Between 445.00$ support and 465.00$ resistance.

Trend Forecast: Neutral

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