CORN remains range-bound, with price trading between the red resistance area and the blue support zone for an extended period.

Price is currently positioned around the middle of the range, making it less attractive for a trade at current levels. The focus should remain on the two boundaries, where more interesting setups may develop.

⭕As price approaches the red resistance area, we can start looking for sell setups on lower timeframes, while a move toward the blue support area may provide opportunities to look for buy setups.

⭕However, a breakout from either side of the range could provide a clearer directional opportunity. A break above the red resistance area may open the way for a new bullish leg toward the previous major highs, while a break below the blue support area would shift the focus toward the lower support and demand area, where another reaction may develop.

The next reaction at either boundary may reveal whether the range will continue to hold, or if buyers or sellers are finally ready to break it.

⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice.

Rayan Nasser

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