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Corn price tests the key support – Forecast today - 19-04-2024
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Corn price tests the key support – Forecast today - 19-04-2024
Apr 18, 2024 10:09 PM

Corn Price Analysis Expected Scenario Corn price tested the key support 433.50$ and bounced bullishly from there, to keep the bullish trend scenario valid for the upcoming period, waiting to breach the neckline of the inverted head and shoulders pattern at 443.70$ to get positive motive that push the price to achieve our positive targets that start at 461.90$ and extend to 474.70$. Stochastic provides positive signals that support the continuation of the expected bullish wave, which will remain valid conditioned by the price stability above 433.50$. Expected Outcome The expected trading range for today is between 432.00$ support and 450.00$ resistance.

Trend Forecast: Bullish

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