Corn recently reversed up from the support zone lying between the long-term support level 305.00 (which also reversed the price in the middle of 2016, as can be seen from the weekly Corn chart below) and the lower weekly Bollinger Band.
The upward reversal from this support area stopped the previous multi-week downward impulse sequence (3).
Given the oversold daily Stochastic indicator – Corn is expected to rise further toward the next resistance level 330.00.
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
This website uses cookies
