Corn prices experienced a temporary downturn yesterday, testing the critical support level of $393.50. However, there are signs of recovery as the price has started to exhibit positive momentum, indicating a potential continuation of the anticipated bullish trend in intraday trading. Analysts are eyeing a target of $410.00 as the next significant level of interest.
The positive outlook remains contingent on the price maintaining stability above the key support level at $393.50. This suggests that if current conditions persist, further upward movement could be expected.
Today’s trading range is anticipated to fluctuate between the support level of $390.00 and the resistance level of $405.00. Traders and investors will be closely monitoring these levels for indications of future market direction.
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