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Corn price completes the positive pattern – Forecast today - 23-04-2024
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Corn price completes the positive pattern – Forecast today - 23-04-2024
Apr 22, 2024 10:17 PM

Corn Price Analysis Expected Scenario Corn price succeeded to breach the neckline of the inverted head and shoulders pattern to activate the positive effect of this pattern and start testing the key resistance 449.20$. The price is attempting to breach this level by todays open, reinforcing the expectations of continuing the correctional bullish trend, waiting to visit 461.90$ followed by 474.70$ levels as next main targets. The bullish trend will remain valid and active for the upcoming period, noting that breaking 443.80$ will stop the expected rise and put the price under negative pressure that its targets begin by testing the key support 433.50$. Expected Trading Range Between the support at 444.00$ and the resistance at 460.00$

Trend Forecast: Bullish

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