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Expected Scenario
Corn price maintains its stability above the $461.90 level, thus keeping the bullish trend scenario intact. We anticipate a surge in positive momentum to propel the price to resume its upward bias, targeting our next objective at $474.70.
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The EMA50 acts as a supportive factor for the price, underscoring that the continuation of the bullish wave necessitates maintaining levels above $461.90.
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Expected Trading Range
The projected trading range spans between the support level at $460.00 and the resistance level at $475.00.
Trend Forecast: Bullish
