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Corn price reaches the support – Forecast today - 17-06-2024
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Corn price reaches the support – Forecast today - 17-06-2024
Jun 16, 2024 10:04 PM

Corn Price Analysis Expected Scenario Corn price bounced downwards clearly in the previous sessions, testing the key support at 449.20$ and settling near it. The price remains confined between the support at 449.20$ and resistance at 461.90$, maintaining our neutrality until now. If the decline continues and the support at 449.20$ is broken, it could lead to additional losses towards 433.50$. On the other hand, breaching the resistance at 461.90$ would signal a recovery and could target positive levels starting at 474.70$. Expected Trading Range Between support at 440.00$ and resistance at 462.00$

Trend Forecast: Neutral

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