Corn Wave Analysis – 28 May, 2020

• Corn rising inside weekly correction (4)

• Likely to rise to 330.00

Corn continues to rise inside the weekly upward correction (4) – which started earlier from the powerful round support level 300.00

The upward reversal from the support level 300.00 created the weekly reversal pattern hammer – following the same hammer from the previous week.

Corn is likely to rise further toward the next resistance level 330.00 (former yearly low from the middle of 2017).