Categories: Technical analysis

Corn Wave Analysis – 28 July, 2020

• Corn broke support level 322.50

• Likely to fall to 313.40

Corn recently broke the key support level 322.50 (low of the previous Morning Star from the middle of July, low of wave (i)).

The breakout of the support level 322.50 coincided with the breakout of the daily up channel from April and the 61.8% Fibonacci correction 4.

Corn is likely to fall further in the active impulse waves 5 and (iii) toward the next support level 313.40 (former monthly low from June).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: CORUSD

Recent Posts

AUDJPY Wave Analysis – 5 December 2025

AUDJPY: ⬆️ Buy - AUDJPY broke long-term resistance level 102.30 - Likely to rise to…

17 hours ago

Aptos Wave Analysis – 5 December 2025

Aptos: ⬇️ Sell - Aptos testing major support at 1.688 - Likely to fall to…

17 hours ago

Pro News Weekly: Market Shake-Up, Dollar Drops, Gold Surges, Bitcoin Wobbles!

Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…

24 hours ago

Solana Wave Analysis – 5 December 2025

Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…

1 day ago

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

1 day ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

1 day ago

This website uses cookies