Categories: Technical analysis

Corn Wave Analysis 18 September, 2020

• Corn rising inside waves (iii) and (3)

• Likely to rise to 385.90

Corn continues to rise inside the short-term impulse wave (iii), which started earlier from the key support level  362.70 (former resistance from the end of August).

The active impulse wave (iii) belongs to the clear multi-month upward impulse sequence (3) from the start of August

Corn is likely to rise further toward the next resistance level 385.90 (former monthly high from the start of March).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: CORUSD

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