Corn recently reversed up from the support area lying between the key support level 440.00 (former multi-month resistance from the middle of 2016).
The upward reversal from this support level continues the active impulse wave 3 – which belongs to the weekly upward impulse sequence (3) from the middle of July.
Corn is expected to rise further and retest the next resistance level 460.00 (which reversed the price sharply earlier this month).
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,…
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