Corn recently reversed up from the support area located lying between the pivotal support level 1.6675 (former resistance from December), lower daily Bollinger Band and the 61.9% Fibonacci correction of the previous upward impulse (3) from April.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star.
Corn is expected to rise further and retest the next resistance level 413.60 (former monthly low from July).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
