Technical analysis: CBOT corn prices suffer more losses

On June 29, the latest views of Economies analysts today: CBOT corn prices rebounded after falling below 555.90, and surpassed our first extended down target of 540.00, and are close to the second target of 526.10, further bearing short-term negative pressure, it is worthwhile Note that a break above the above level will push the price to visit 500.00 as the next major target.

As such, we expect to see more declines in the period ahead and it is worth noting that a break above 540.00 will push the price back up and test 555.90 before a fresh attempt to fall.

Today’s expected trading range is between 520.00 support and 545.00 resistance.