Corn Price Tests Moving Average, Maintains Bullish Bias: Forecast for March 26, 2024

by Jennifer

Analysis of corn prices indicates a prevailing bearish inclination, with prices testing the EMA50, a critical support level at $442.00. Consolidation above this level is deemed essential for the continuation of the corrective bullish trend. Conversely, a breach below $442.00 could instigate further decline, potentially testing significant support at $433.50.

The bullish trend scenario remains intact, contingent upon price stability above $442.00. Initial targets are set at $449.20, with further potential extending to $461.90 upon surpassing the preceding level.

Advertisements

Key Support and Resistance Levels:

Advertisements

– Support: $437.00
– Resistance: $450.00

Trend Forecast: Bullish

You May Also Like

blank

Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright  bedgut.com – Futures Market, Investment, Trading & News