Corn Wave Analysis 1 October, 2020
October 01, 2020 @ 17:37 +03:00
• Corn broke key resistance level 378.80
• Likely to test resistance level 385.00
Corn continues to rise strongly after the earlier breakout of the key resistance level 378.80 (which stopped the previous impulse wave 1 in September).
The breakout of the resistance level 378.80 should accelerate the active impulse wave 3 – which belongs to the sharp impulse sequence (3) from August.
Corn is likely to rise further toward the next resistance level 385.00 (monthly high from the start of March).