Corn Weekly Forecast

Weekly Forecast (November 21 – 25, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 680.2, which will be followed by moving up to resistance level 702 – 711.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 680.2, which will be followed by reaching support level 649.2 and 611.4.

Monthly Forecast, November 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 706.4, which will be followed by moving up to resistance level 766.2.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 706.4, which will be followed by reaching support level 661.4 and if it keeps on moving down below that level, we may expect the market to reach support level 604.

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