611
Expected Scenario
Corn prices tested the key resistance at $449.20 and remained stable below this level, maintaining the bearish trend scenario. This is influenced by the previously completed double top pattern, with the next main target set at $433.50.
The EMA50 supports the anticipated bearish trend, emphasizing the importance of holding below $449.20 to achieve the expected targets.
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Expected Trading Range
Support: $437.00
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Resistance: $449.00
Trend Forecast: Bearish
In summary, corn prices are expected to continue their bearish trend towards $433.50, provided they remain below the key resistance level of $449.20.
