Corn Wave Analysis – 24 June, 2019

Corn reversed from support area
Further gains are likely

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 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.

Next Russia Wants to Spend Billions Saved Up in Its Wealth Fund »

Previous « EURJPY Wave Analysis – 24 June, 2019

Published by

The FxPro Tech Analysis Team

Tags: CORUSD

7 years ago

The funeral for Gold has been postponed
The Supreme Court, with its scepticism about the legality of tariffs, has allowed the shiny…
Crypto bulls fail to maintain momentum
Crypto market stabilises after decline; Bitcoin rebounds but faces pressure. Mixed investor sentiment and notable…
Verbal interventions do not help yen
The weak yen and euro boost the USD, as central banks remain cautious and global…