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Corn price breaks the support – Forecast today - 21-06-2024
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Corn price breaks the support – Forecast today - 21-06-2024
Jun 20, 2024 10:08 PM

Corn Price Analysis Expected Scenario The Corn price broke the 449.20$ level clearly and ended yesterday below it, activating the negative scenario on the intraday basis and heading towards achieving negative targets starting at 433.50$. Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50. Note that breaching 449.20$ will stop the expected decline and lead the price to start recovery attempts on the intraday basis. Expected Trading Range Between 435.00$ support and 450.00$ resistance.

Trend Forecast: Bearish

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