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Corn price attempts positively – Forecast today - 26-06-2024
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Corn price attempts positively – Forecast today - 26-06-2024
Jun 25, 2024 10:12 PM

Corn Price Analysis Expected Scenario Corn price provided additional negative trades yesterday to attack 433.50$ level and attempts to confirm breaking it, but it begins today with bullish bias and hints heading to recover in the upcoming sessions, motivated by stochastic positivity, which makes us prefer to stay aside temporarily until the price confirms its situation according to the mentioned level followed by detecting its next destination clearly. Note that consolidating above 433.50$ will push the price to achieve gains that start at 442.80$ followed by 449.20$, while trading below it again will reactivate the bearish wave scenario that targets 422.00$ as a next main station. Expected Trading Range Between 425.00$ support and 445.00$ resistance.

Trend Forecast: Neutral

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