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Corn price needs the positive momentum – Forecast today - 23-05-2024
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Corn price needs the positive momentum – Forecast today - 23-05-2024
May 22, 2024 9:42 PM

Corn Price Analysis Expected Scenario Corn price maintains its stability above the 461.90$ level, keeping the bullish trend scenario active. We await positive momentum to push the price to resume its bullish bias and target our next objective at 474.70$.

The EMA50 provides positive support to the price, emphasizing that the continuation of the bullish wave requires holding above 461.90$.

Expected Trading Range Between the support at 460.00$ and the resistance at 475.00$.

Trend Forecast: Bullish

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