Corn Weekly Forecast

This/Next Week Forecast (August 1 – 5, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 624, which will be followed by moving up to resistance level  658 and if it keeps on moving up above that level, we may expect the market to reach resistance level 735.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 624, which will be followed by reaching support level 566 and if it keeps on moving down below that level, we may expect the market to reach support level 516 – 497.

previous week forecast

Monthly Forecast, August 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 576, which will be followed by moving up to resistance level 658.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 576, which will be followed by reaching support level 516 – 497.

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