Corn Thursday Forecast

Thursday Forecast

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 427.50, which will be followed by reaching resistance level 437.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 421.50, which will be followed by moving down to support level 403.

Chart Corn This/Next Week Forecast, Technical Analysis

This/Next Week Forecast (November  16 – 20, 2020)

Uptrend scenario
An uptrend will start as soon, as the 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 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 market to reach support level 355.

Chart Corn This/Next Week Forecast, Technical Analysis

previous week forecast

Fundamental Analysis

Difference between supply and demand shows fair price on the level 370 – 390.

Corn Futures Market Fundamental Analysis Chart Ending Stocks US With World

Monthly Forecast

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 425, which will be followed by reaching resistance level 460.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 390, which will be followed by moving down to support level 355.

Chart Corn Price Forecast 2020, Long-term Outlook, Technical Analysis

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