Corn Wave Analysis – 28 November, 2019

Corn falling inside the impulse wave C
Likely to fall to 352.00

Corn continues to fall inside the impulse wave C, which previously reversed from the resistance level 370.00 (former strong support from September).

The active impulse wave C belongs to the medium-term ABC correction (2) from October.

Corn is expected to fall further toward the next key support level 352.00 (multi-month low from September and the target for the completion of the active wave C).

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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Tags: CORUSD

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