Corn Futures Breaks Key Support – Testing Lower Bollinger Band

• Currently, price is trading below the middle Bollinger Band, indicating a bearish phase.
  
• Middle Band : Price has decisively broken below this level, acting as resistance.
  
• Rising volume on the decline suggests strong selling pressure.
  
• Support: Around 4,500 (recent bounce zone) and 4,350 (historical support).
  
• Resistance: Near 4,700-4,750 (previous consolidation zone) and the middle Bollinger Band.
  
• Bearish Scenario: If price stays below the middle Bollinger Band and fails to reclaim 4,700, further downside towards 4,350 is possible.
  
• Bullish Reversal: If price reclaims 4,700 with strong volume, a move back to 4,900+ is possible.
  
• Short-term trend: Bearish