Corn continues to fall inside the short-term corrective wave, which started earlier from the resistance area lying between the strong resistance level 377.00 (monthly high from October) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Long-Legged Doji.
Corn is expected to fall further and re-test the next support level 360.00 (low of the previous short-term correction (ii)) – the breakout of which can lead to further losses toward 355.00.
- 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
