Corn recently reversed up with the daily Hammer from the support area lying between the multi-month support level 355.00 (which has been reversing the price from last September), lower daily Bollinger Band and the support trendline of the daily up channel from July.
The upward reversal from this support area started the active medium-term impulse wave (3).
Corn is expected to rise further and re-test the next resistance level 365.00 (top of the previous short-term correction (iv)).
- 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