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Corn prices have recently tested the $390.00 support level, introducing some negative trading pressure. However, stochastic indicators are now showing positive signals, suggesting a potential rebound. If this bullish momentum continues, prices could rise, with initial resistance at $396.00 and a further target at $405.20.
The bullish trend will remain intact as long as prices do not fall below $387.30 and hold under this level.
For today, the expected trading range is between $385.00 on the support side and $400.00 on the resistance side.
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