Corn May 2024 is moving towards a line of 432.5000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Corn May 2024 continues in its current trajectory, we may see it move towards 432.5000 within the next 13 hours.
After testing 432.5000 numerous times, Corn May 2024 is once again approaching this price point. Can we expect a bearish trend to follow?
