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Corn price under the negative pressure – Forecast today - 06-05-2024
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Corn price under the negative pressure – Forecast today - 06-05-2024
May 5, 2024 11:27 PM

Corn Price Analysis Expected Scenarios Corn price couldnt manage to hold for long time above 461.90$, to break it and settle below it, starting today with additional decline that supports the chances of continuing the bearish bias in the upcoming sessions, to head towards testing 449.20$ initially. Therefore, the bearish bias will be suggested unless the price managed to breach 461.90$ and hold above it again, noting that the continuation of the decline and breaking 449.20$ will push the price to suffer additional losses and visit 433.50$ areas as a next main station. Trading Range for Today Support: 448.00$ Resistance: 462.00$ Trend forecast: Bearish

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