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Corn prices have recently approached the anticipated negative target of $405.20, only a few pips away, before displaying a bullish rebound. This upward movement is supported by positive stochastic indicators, leading analysts to suggest a bullish trend in the upcoming sessions, with a primary target of $416.30.
Today’s forecast indicates an expectation of continued bullish momentum. However, should prices break below the $405.20 mark, it would negate this positive outlook and potentially lead to further losses in both intraday and short-term trading.
The projected trading range for today is set between a support level of $404.00 and a resistance level of $416.00.
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What Is The Symbol For Corn Futures?