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Corn Wave Analysis – 12 June, 2019

June 12, 2019 at 02:13PM
  • Corn reversed from powerful support level 410.
  • Further gains are likely

Corn recently reversed up sharply from the powerful support level 410.00 (former multi-month high from May of 2018).

The upward reversal from this support area completed the previous ABC correction 2 from the end of May.

Corn is expected to rise further and retest the next key resistance level 437.00 (which reversed the previous waves 1 and (b))).

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From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/corn-wave-analysis-12-june-2019-20190612/
Selected by fonecable.com

fonecable euro Search Web: Corn Wave Analysis – 12 June, 2019

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