Corn Price Forecast For This/Next Week
(August 31 – September 4, 2020)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 354, which will be followed by reaching resistance level 375.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 340, which will be followed by moving down to support level 320.
chart: cotton market outlook, technical analysis
previous week corn price forecast
Corn Price Prediction
According to Fundamental Analysis difference between supply and demand shows oversold market and the fair price at the level $350.
chart: corn futures market ending stocks, inventory world with US
Сorn condition is became worse during last 2 weeks that pushing price up.
Corn Price Forecast 2020, Long-Term
(Quarter III: July – September, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 321, which will be followed by moving up to resistance level 354 and if it keeps on moving up above that level, we may expect the market to reach resistance level 390.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 321, which will be followed by reaching support level 262.
chart: cotton technical analysis, market outlook
