Corn buy

Strong corn oversold

05 July 2022 475
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The price of corn has declined by more than 20% over the past month. Quotes closed the gap that was formed back in February at the level of 623 - 624. The RSI has entered the extreme oversold zone (below 10), so at least a small rebound is urgently needed.

Before falling to the current local lows, the price was kept by the support range of 655 - 660. The "bulls" are able to use this range as a target for a rebound upwards.

This content is for informational purposes only and is not intended to be investing advice.

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