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2417.755
22.865%
79.979
1.648%
1.0872
1.5474%
5307.28
0.13%
39999.01
0.20%
18551.55
0.11%
Corn price under the negative pressure – Forecast today - 06-05-2024
Economies.com
2024-05-06 04:09AM UTC
Corn Price Analysis
Expected Scenarios
Corn price couldn’t manage to hold for long time above 461.90$, to break it and settle below it, starting today with additional decline that supports the chances of continuing the bearish bias in the upcoming sessions, to head towards testing 449.20$ initially.
Therefore, the bearish bias will be suggested unless the price managed to breach 461.90$ and hold above it again, noting that the continuation of the decline and breaking 449.20$ will push the price to suffer additional losses and visit 433.50$ areas as a next main station.
Trading Range for Today
Support: 448.00$
Resistance: 462.00$
Trend forecast: Bearish
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