Corn Tuesday Forecast

Tuesday Forecast

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 409.50, which will be followed by reaching resistance level 417 – 421.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 409.50, which will be followed by moving down to support level 402.75 and if it keeps on moving down below that level, we may expect the market to reach support level 392.

Chart Corn This/Next Week Forecast, Technical Analysis

This/Next Week Forecast (November  9 – 13, 2020)

Uptrend scenario
The uptrend (correction) may be expected to continue, while market is trading above support level 402.75, which will be followed by reaching resistance level 421.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 402.75, which will be followed by moving down to support level 390 and if it keeps on moving down below that level, we may expect the market to reach support level 375.

Chart Corn This/Next Week Forecast, Technical Analysis

previous week corn price forecast
Chart Corn This/Next Week Forecast, Technical Analysis

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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