• Corn reversed from resistance area
• Likely to fall to 317.00
Corn recently reversed down from the resistance area lying between the key resistance level 334,00 (former support from the middle of March), upper daily Bollinger Band and the 38,2% Fibonacci correction of the downward impulse from March.
The downward reversal from this the resistance area continues the active short-term impulse wave 5 – which belongs to wave (3) from last October. Corn is likely to fall further toward the next support level 317.00 (former support from May).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies