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On June 14, analysts at Economies have the latest opinion today: CBOT corn prices rose further yesterday, approaching 574.30, and then fell back to fluctuate around 555.90 again. They noticed that EMA50 further strengthened this support level, and at the same time, the stochastic indicator also clearly provided Bullish signal.
These factors therefore encourage us to recommend maintaining a bullish bias over the next few sessions, with a target starting at 574.30, with a view to a break above 555.90 to halt the rise and push the price back down again.
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The expected trading range today is between 553.00 support and 570.00 resistance.
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