Categories: Technical analysis

Corn Wave Analysis 26 April, 2021

• Corn rising inside accelerated impulse wave 5

• Likely to rise to resistance level 700.00

Corn continues to rise inside the sharp upward impulse wave 5 – which previous broke the resistance level 650.00, intersecting with the daily up channel from last August – signalling the acceleration of the uptrend

The active impulse wave 5 belongs to the intermediate upward impulse sequence (5) from March.

Corn is likely to rise further toward the next round resistance level 700.00 (target price for the completion of the active impulse wave 5).

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Pro News Flash: Bitcoin Is Stuck While Billion Dollar Buyers Step In

🛟 Bitcoin is having a hard time staying afloat, even as major players step in…

3 hours ago

Natural Gas. Current situation #trandingshorts #tradelikeapro #trading #tradingstrategy #naturalgas

We're gonna talk about the gas market, where prices are falling rapidly. Let's take a…

5 hours ago

The dollar remains focused on the labour market

The US dollar weakened significantly in 2025, and its fate depends on central banks. The…

5 hours ago

Major coins dragged the market down

Major cryptocurrencies fell amid declining market sentiment, low liquidity, and institutional rebalancing, with Bitcoin dropping…

7 hours ago

Dogecoin Wave Analysis – 15 December 2025

Dogecoin: ⬇️ Sell - Dogecoin broke long-term support level 0.1365 - Likely to fall to…

20 hours ago

Alcoa Wave Analysis – 15 December 2025

Alcoa: ⬇️ Sell - Alcoa reversed from strong resistance level 47.00 - Likely to fall to…

20 hours ago

This website uses cookies