Corn prices experienced new declines in recent sessions, dropping to the $440.00 mark. This movement strengthens the forecast of a continued bearish trend in the upcoming sessions, with the anticipated target now set at $433.50.
The negative outlook is bolstered by the impact of a double top pattern, which suggests further downside potential. This bearish scenario will remain valid unless the price manages to rally and break through the $449.20 level, maintaining a position above this threshold.
Expected Trading Range
For today, the projected trading range for corn prices is between the support level of $435.00 and the resistance level of $445.00.
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