Thursday Forecast
Uptrend scenario
The uptrend may be expected to continue in case the corn market rises above resistance level 427.50, which will be followed by reaching resistance level 437.
Photo by henry perks on Unsplash
Downtrend scenario
A downtrend will start as soon, as the corn market drops below support level 421.50, which will be followed by moving down to support level 403.
(Click on image to enlarge)
This/Next Week Forecast (November 16 - 20, 2020)
Uptrend scenario
An uptrend will start as soon, as the corn market rises above resistance level 425, which will be followed by moving up to resistance level 460.
Downtrend scenario
The downtrend may be expected to continue, while the corn market is trading below resistance level 425, which will be followed by reaching support level 390 and if it keeps on moving down below that level, we may expect the corn market to reach support level 355.
(Click on image to enlarge)
Previous week forecast
(Click on image to enlarge)
Fundamental Analysis
The difference between supply and demand shows a fair price on the level 370 - 390.
(Click on image to enlarge)
Monthly Forecast
Uptrend scenario
The uptrend may be expected to continue in case the corn market rises above resistance level 425, which will be followed by reaching resistance level 460.
Downtrend scenario
A downtrend will start as soon, as the corn market drops below support level 390, which will be followed by moving down to support level 355.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.