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December 23, 2020 at 03:16PM
• Corn rising inside sharp impulse wave 5
• Likely to rise to 450.00
Corn continues to rise inside the sharp upward impulse wave 5 – which previously broke above the key resistance level 438.30 (top of the previous minor impulse wave 3 from last month)
The active impulse wave 5 belongs to the medium-term upward impulse sequence (C) from the start of August.
Given the unstoppable daily uptrend – Corn is expected to rise further toward the next resistance level 450.00 – the breakout of which will lead to further grains toward 460.00 (likely price for the completion of the active impulse wave 5).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/corn-wave-analysis-23-december-2020-20201223/
Selected by fonecable.com
Search Web: Corn Wave Analysis 23 December, 2020
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