Corn Wave Analysis – 12 June, 2019
June 12, 2019 @ 16:13 UTC
- Corn reversed from powerful support level 410.
- Further gains are likely
Corn recently reversed up sharply from the powerful support level 410.00 (former multi-month high from May of 2018).
The upward reversal from this support area completed the previous ABC correction 2 from the end of May.
Corn is expected to rise further and retest the next key resistance level 437.00 (which reversed the previous waves 1 and (b))).