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Corn price breaks the support – Forecast today - 28-03-2024
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Corn price breaks the support – Forecast today - 28-03-2024
Mar 27, 2024 9:48 PM

Corn Price Analysis Bearish Scenario Corn price confirmed breaking 433.50$ level after closing yesterday below it. Reinforcing the expectations of continuing the domination of the bearish trend in the upcoming period. Opening the way to target 424.20$ followed by 415.50$ levels as next negative stations. Negative Pressure The EMA50 forms negative pressure that supports the continuation of the expected decline.

Will remain valid unless breaching 433.50$ and holding above it again.

Trading Range The expected trading range for today is between 420.00$ support and 435.00$ resistance.

Trend forecast: Bearish

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