Market Snapshots

Corn Wave Analysis 18 September, 2020

Corn Wave Analysis 18 September, 2020

• Corn rising inside waves (iii) and (3)

• Likely to rise to 385.90

Corn continues to rise inside the short-term impulse wave (iii), which started earlier from the key support level  362.70 (former resistance from the end of August).

The active impulse wave (iii) belongs to the clear multi-month upward impulse sequence (3) from the start of August

Corn is likely to rise further toward the next resistance level 385.90 (former monthly high from the start of March).

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