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)).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies