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Corn price declines calmly – Forecast today - 06-06-2024
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Corn price declines calmly – Forecast today - 06-06-2024
Jun 5, 2024 9:55 PM

Corn Price Analysis Expected Scenario Corn price shows calm negative trades to gradually move away from 449.20$, reinforcing the expectations of continuing the bearish trend, which targets 433.50$ as a next station. The negative effect of the double top pattern reinforces the expectations to continue the decline, noting that breaching 449.20$ will stop the negative scenario and lead the price to start new recovery attempts on the intraday basis. Expected Trading Range Between 437.00$ support and 449.00$ resistance.

Trend Forecast: Bearish

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