2
Corn prices have demonstrated clear upward movement in recent sessions, surpassing the $434.30 level, which bolsters expectations for continued bullish momentum. The next key target is set at $445.40, reinforcing the outlook for further gains.
The 50-period Exponential Moving Average (EMA50) continues to support the anticipated upward trend. However, a decline below $434.30 could signal a reversal, halting the current bullish move and potentially leading to a downward shift in prices.
For today, the expected trading range is between a support level at $434.00 and a resistance point at $445.00.
Related topic:
Who Initiates Delivery In A Corn Futures Contract?