Corn Price Declines Calmly – Forecast for June 6, 2024

by Jennifer

Current Scenario:

The price of corn has shown a steady decline, gradually moving away from $449.20. This movement supports the ongoing bearish trend, with the next target projected at $433.50. The bearish outlook is further reinforced by the negative impact of a double top pattern. It is important to note that if the price breaches the $449.20 mark, the bearish scenario would be invalidated, potentially initiating new recovery attempts on an intraday basis.

Expected Trading Range:

The anticipated trading range for corn is between a support level of $437.00 and a resistance level of $449.00.

Advertisements

Trend Forecast:

The overall trend remains bearish.

Advertisements

You May Also Like

blank

Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright  bedgut.com – Futures Market, Investment, Trading & News