Could Corn drop to the 593,4 level?
|Wednesday forecast (March 22, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 621,2, which will be followed by moving up to resistance level 634.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 621,2, which will be followed by reaching support level 598 – 593,4.
Weekly forecast (March 20 – 24, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 642,6 – 648,2, which will be followed by moving up to resistance level 667.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 642,6 – 648,2, which will be followed by reaching support level 606,6.
Monthly forecast, February – March 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 688,6, which will be followed by moving up to resistance level 704,6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 688,6, which will be followed by reaching support level 669,2, 661,2 and 648,2.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.