Corn price heads towards more negative targets – Analysis – 16-08-2023
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Photo By Economies.com
Corn price shows more bearish bias, to confirm the continuation of the bearish trend domination, reminding you that our next target is located at 435.60.
Therefore, the negative scenario will remain valid and active, supported by the negative pressure formed by the EMA50, noting that breaching 509.50 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 460.00 support and 480.00 resistance.
The expected trend for today: Bearish
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