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