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Corn prices have shown some bearish tendencies after reaching the anticipated target of $416.30. Despite this, stochastic indicators are beginning to signal a potential rebound, which may drive prices back into a bullish correctional wave within the established bullish channel. A breach of the $416.30 level could push prices towards $425.30. The bullish trend will stay valid unless prices fall and hold below $405.20.
Today’s expected trading range is between $405.00 support and $416.00 resistance.
Related topic:
Who Initiates Delivery In A Corn Futures Contract?