The corn price has recommenced its downward trajectory, distancing itself from the established threshold of 509.50. This recent movement bolsters the prevailing anticipations of a sustained bearish momentum, oriented towards attaining the focal point of 435.60 as the ensuing key juncture.
The influence of the EMA50 persists in lending reinforcement to the projected bearish progression, underpinned by the precedent of a completed negative pattern. It remains paramount to uphold a position beneath the 509.50 level to sustain the trajectory of anticipated descent.
The scope within which trading endeavors are poised to evolve on the present day is anticipated to fluctuate between the support level of 465.00 and the resistance level of 490.00.
Today’s trajectory adheres to a bearish sentiment, mirroring the overarching trend indicative of a declining market sentiment.
