Corn price persists in its pronounced bearish orientation, unequivocally signifying the continued prevalence of the downward trend. It’s important to note that our forthcoming objective is situated at 435.60.
Consequently, the negative trajectory retains its relevance and vigor, underscored by the adverse influence emanating from the EMA50. It’s notable, however, that breaching the 509.50 mark could potentially curtail the anticipated descent, catalyzing a shift towards a potential upward trajectory.
The projected spectrum delineating today’s trading scope is expected to oscillate between the supportive perimeter of 460.00 and the resistant echelon positioned at 480.00.
The anticipated trend for the day remains steeped in bearish sentiment, reflecting the overarching trajectory indicative of a market disposition characterized by a decline in value.
