Technical analysis: CBOT corn prices returned to bearish trend on July 10

July 10th, Economies analysts’ latest opinion today: CBOT corn prices returned to the downward trend after a slight increase in the previous few trading days, and the bearish trend continues to be valid, waiting for the next major target to be 467.00.

EMA50 forms negative pressure and the bearish trend continues. The target extends to 435.60 after breaking above said level, the continuation of the bearish trend depends on the price stabilizing below the 509.50 and 529.50 levels.

Today’s expected trading range is between 470.00 support and 500.00 resistance.