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Corn price tests the resistance – Forecast today - 14-06-2024
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Corn price tests the resistance – Forecast today - 14-06-2024
Jun 13, 2024 10:02 PM

Corn Price Analysis Expected Scenario Corn price provided additional positive trades to test 461.90$ resistance line, and it might rebound bearishly affected by stochastic negativity to head towards testing the key support 449.20$, and as we mentioned yesterday, the price needs to surpass one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now. We remind you that breaching the mentioned resistance will push the price to achieve new gains that reach 474.70$, while breaking the support represents the key to resume the bearish wave that targets 433.50$ areas as a next main station. Expected Trading Range Between 450.00$ support and 470.00$ resistance.

Trend Forecast: Neutral

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