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Corn Price Analysis
Expected Scenario
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The corn price dropped sharply yesterday, reaching the anticipated negative target of $422.00. The bearish trend is expected to continue, aiming for additional negative targets, with the next significant level being the previously recorded low of $408.10.
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Further declines are anticipated in the upcoming sessions. However, a breach above $433.50 would halt the bearish trend and potentially lead to recovery attempts on an intraday and short-term basis.
Expected Trading Range
- Support: $410.00
- Resistance: $430.00
Trend Forecast: Bearish
