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Corn price awaits more decline – Forecast today - 20-05-2024
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Corn price awaits more decline – Forecast today - 20-05-2024
May 19, 2024 9:40 PM

Corn Price Analysis Expected Scenario The corn price provided clear negative trades in the previous sessions, moving away from the $461.90 level, reinforcing expectations of continuing the bearish trend. This trend targets $449.20 as the next main station. Moving below the EMA50 supports the suggested bearish wave, which will remain valid unless breaching $461.90 and holding above it. Expected Trading Range Between $449.00 support and $461.00 resistance.

Trend Forecast: Bearish

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