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Corn price completes the negative pattern – Forecast today - 03-06-2024
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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

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