Corn recently reversed up from the support area lying between the key support level 372.30 (which stopped the previous wave (a) in December), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from November.
The upward reversal from the aforementioned support area created the weekly Japanese candlesticks reversal pattern Morning Star – which started the active impulse wave 5.
Corn is expected to rise further and re-test the next resistance level 386.50 (top of the previous impulse wave 3 from December).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies
