Corn recently reversed down from the resistance zone lying between the resistance trendline of the weekly up channel from July of 2016, upper daily Bollinger Band and the multi-year resistance level 434.00 .
The downward reversal from this resistance zone completed the pervious extended ABC correction II from 2016.
Corn is expected to fall further and retest the next round support level 400.00 (which reversed earlier waves (5) and (3)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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