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The current analysis indicates that the corn price is undergoing a test of the $449.20 level, maintaining stability above it. Moreover, there are clear oversold signals observed through the stochastic indicator, which could potentially prompt the price to resume its anticipated bullish trend in the forthcoming period, with the next target identified at $461.90.
Consequently, the positive scenario remains valid and active, contingent upon the price maintaining levels above $449.20 and $443.10 to achieve the awaited targets.
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Expected Trading Range for Today:
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- Support: $445.00
- Resistance: $460.00
Trend Forecast: Bullish
