financetom
Technology
financetom
/
Technology
/
Corn price completes the negative pattern – Forecast today - 03-06-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Corn price completes the negative pattern – Forecast today - 03-06-2024
Jun 2, 2024 9:52 PM

Corn Price Analysis Expected Scenario Corn price succeeded to achieve our first extended target at 449.20$ and presses negatively on it, noticing that the price completed forming the double top pattern that appears on the chart, to fall under additional negative pressure that supports the chances of breaking the mentioned level and open the way to target 433.50$ areas as a next main station. Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that failing to break 449.20$ might push the price to recover and test 461.90$ areas before any new attempt to decline. Expected Trading Range Between 440.00$ support and 455.00$ resistance.

Trend Forecast: Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Biden policies attract $1 trillion in US economic investments,  White House says
Biden policies attract $1 trillion in US economic investments, White House says
Nov 25, 2024
WASHINGTON (Reuters) - Companies have pledged to invest more than $1 trillion in U.S. industries such as semiconductors and clean energy during the Biden administration, the White House said on Monday, citing the passage of three critical laws in recent years. U.S. President Joe Biden has cited the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction...
US Supreme Court asks Justice Department's views on Cox Communications case
US Supreme Court asks Justice Department's views on Cox Communications case
Nov 25, 2024
WASHINGTON - The U.S. Supreme Court asked the Justice Department on Monday to weigh in on whether the justices should review a copyright dispute between Cox Communications and a group of music labels following a judicial decision that threw out a $1 billion jury verdict against the internet service provider over alleged piracy of music by Cox customers. The justices...
Market Analysis: NVIDIA And Competitors In Semiconductors & Semiconductor Equipment Industry
Market Analysis: NVIDIA And Competitors In Semiconductors & Semiconductor Equipment Industry
Nov 25, 2024
In the dynamic and fiercely competitive business environment, conducting a thorough analysis of companies is crucial for investors and industry enthusiasts. In this article, we will perform an extensive industry comparison, evaluating NVIDIA ( NVDA ) in relation to its major competitors in the Semiconductors & Semiconductor Equipment industry. By closely examining crucial financial metrics, market position, and growth prospects,...
Biden policies attract $1 trillion in US economic investments,  White House says
Biden policies attract $1 trillion in US economic investments, White House says
Nov 25, 2024
WASHINGTON (Reuters) - Companies have pledged to invest more than $1 trillion in U.S. industries such as semiconductors and clean energy during the Biden administration, the White House said on Monday, citing the passage of three critical laws in recent years. U.S. President Joe Biden has cited the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction...
Copyright 2023-2026 - www.financetom.com All Rights Reserved