Categories: Technical analysis

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).

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.

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The FxPro Tech Analysis Team
Tags: CORUSD

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