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Corn Price Encounters Waning Momentum

by Jennifer

The corn price persists in its trajectory characterized by lateral fluctuations. A discernible trend emerges as the stochastic indicator gradually relinquishes its positive momentum. This development holds the potential to catalyze the reinstatement of the projected bearish trend in the impending period. This downward trajectory is strategically oriented towards the 435.60 regions as its primary target.

The supportive presence of the EMA50 reinforces the viability of this envisioned bearish wave. This trajectory remains pertinent unless the price successfully surmounts the 509.50 level and secures a sustained elevation above it.

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The anticipated trading span for today spans between the support benchmark of 470.00 and the resistance threshold of 500.00.

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The projected trend for today maintains its bearish orientation.

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