Corn - Correction, following Wheat price action
Daily:
It doesn't look as strong and promising as Wheat, but the pull back which started yesterday can go further up to retest 380 +/-area.
Weekly:
- Price reached a possible supp/res zone of 351-363 area. Heikin Ashi candle pattern with haDelta/SMA3 suggests there is increasing chance for a pull back to retest Kijun Sen and the Kumo.
- Upper key levels on the weekly: 384 / 400 / 420
I am in a small counter long position.
It doesn't look as strong and promising as Wheat, but the pull back which started yesterday can go further up to retest 380 +/-area.
Weekly:
- Price reached a possible supp/res zone of 351-363 area. Heikin Ashi candle pattern with haDelta/SMA3 suggests there is increasing chance for a pull back to retest Kijun Sen and the Kumo.
- Upper key levels on the weekly: 384 / 400 / 420
I am in a small counter long position.
