Technical analysis: CBOT corn short-term bearish trend has not changed

July 12th, Economies analysts’ latest opinion today: corn prices have stabilized below the 509.50 level, and did not show any strong movement in previous transactions. Therefore, the short-term expected bearish trend scenario has not changed. The impact of the head and shoulders pattern.

The targets we await start at 467.00, followed by 435.60, and to achieve these we need to stay below the 509.50 and 529.50 levels. Today is expected to trade in the range of 480.00-505.00.