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Corn price needs strong positive motive – Forecast today - 11-04-2024
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Corn price needs strong positive motive – Forecast today - 11-04-2024
Apr 10, 2024 10:01 PM

Corn Price Analysis Expected Scenario The corn price starts with a bullish bias, approaching the neckline of the inverted head and shoulders pattern on the chart. Waiting for a breach of the neckline at 445.50$ to activate the positive effect of the pattern and rally towards additional bullish correction. Expected Outcome Continuing the bullish trend, it's important to hold above 433.50$ to sustain the expected rise.

Expected Trading Range Between 436.00$ support and 452.00$ resistance.

Trend Forecast: Bullish

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