5
Corn prices are currently testing the critical support level at 425.30$. To maintain the bullish trend, the price must hold above this level. If successful, the next target would be 434.30$.
As a result, the bullish outlook remains in play for the intraday period. However, if the price breaks below 425.30$, it could trigger a decline, with initial negative targets starting at 416.30$.
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The expected trading range for today is between 420.00$ support and 434.00$ resistance.
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Trend Forecast: Bullish
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