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Corn price hits the target – Forecast today - 17-05-2024
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Corn price hits the target – Forecast today - 17-05-2024
May 16, 2024 9:38 PM

Price Analysis for Corn Expected Scenario Corn price succeeded to achieve our waited target at 461.90$, noticing that the price broke this level and closed the daily candlestick below it, to confirm the continuation of the bearish trend domination and opens the way to head towards 449.20$ as a next main target. Therefore, the bearish bias will remain suggested in the upcoming sessions, noting that breaching 461.90$ will stop the expected decline and lead the price to start recovery attempts on the intraday basis. Expected Trading Range Between 450.00$ support and 465.00$ resistance

Trend Forecast: Bearish

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