Market Snapshots

Corn Wave Analysis – 4 September, 2020

Corn Wave Analysis – 4 September, 2020

• Corn reversed from support level 353.00

• Likely to rise to 365,00

Corn recently reversed up from the strong support level 353.00 (former powerful resistance level from March, June and July).

The upward reversal from the support level 353.00 started the active short-term upward impulse wave (v) – which belongs to wave c from the start of last month.

Corn is likely to rise further toward the next resistance level 365,00 (top of the previous short-term impusle wave (iii)).

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