Long

CORN Could Continue To Much Higher Levels

CORN has been bearish for the last three years as we see on the Weekly chart, but that is likely over as A-B-C correction is currently unfolding. The first wave A has already made 5 waves up, which confirms a new bullish cycle. In wave B we can see a zig-zag pattern, that is near completion. We see some significant Fibonacci support levels around 345 on a Daily chart, from where a bounce could occur.

ew-forecast

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