Corn recently broke through the resistance area lying between the key resistance level 440.00 (which has been reversing the price from 2015) and the upper resistance trendline of the weekly up channel from 2016.
The breakout of this resistance area is likely to accelerate the active impulse waves 5 and (3).
Corn is expected to rise further and retest the next key resistance level 460.00 (target price for the completion of the active impulse wave 5).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies