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Corn price faces solid resistance – Forecast today - 29-05-2024
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Corn price faces solid resistance – Forecast today - 29-05-2024
May 28, 2024 9:48 PM

Corn Price Analysis Expected Scenario Corn price bounced downwards clearly after touching the waited target at 474.70$, and by taking a deeper look at the chart, we find that the price placed lower high and hints heading to achieve more expected decline in the upcoming sessions, noting that breaking 461.90$ will confirm extending the bearish wave towards 449.20$ areas. The bearish bias will be suggested for today unless the price rallied to breach 474.70$ and hold above it. Expected Trading Range Between 455.00$ support and 470.00$ resistance.

Trend Forecast: Bearish

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