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Corn price approaches the new target – Forecast today - 31-05-2024
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Corn price approaches the new target – Forecast today - 31-05-2024
May 30, 2024 9:50 PM

Corn Price Analysis Expected Scenario Corn price resumed its negative trades clearly yesterday to start pressing on the neckline of the double top pattern that appears on the chart, waiting to confirm breaking this level to motivate the price to rally bearishly and achieve our new negative targets that start at 449.20$ and extend to 433.50$. Therefore, the bearish trend will remain suggested on the intraday and short-term basis, reminding you that it is important to hold below 461.90$ to continue the expected decline. Expected Trading Range Between 445.00$ support and 460.00$ resistance.

Trend Forecast: Bearish

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