Corn Price Hits Target and Continues to Rise

by Jennifer

Corn price experienced a significant bullish rally, successfully achieving the previously awaited target at 509.50. Notably, the price not only reached this level but also closed the daily candlestick above it, strengthening the probability of a continued uptrend and further gains towards 517.50, followed by 526.00.

With this outlook in mind, the bullish wave remains active and valid. It’s important to monitor the 509.50 support level, as breaking below it could signify a trend reversal towards a bearish direction.

Advertisements

For today’s trading, the expected range is between the support at 505.00 and the resistance at 520.00, with the prevailing trend remaining bullish. Traders should adjust their strategies accordingly.

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