2
Corn prices have once again tested the $405.20 level and demonstrated stability above this mark, setting the stage for potential further gains. The market is now poised to target a new level of $416.30, which is identified as the next significant goal.
The 50-day Exponential Moving Average (EMA50) continues to support the anticipated bullish trend, which remains intact as long as prices do not fall below $405.20 and maintain stability beneath this level.
For today, the expected trading range for corn is between $402.00 on the support side and $415.00 on the resistance side.
Related topic: