- Corn broke long-term support level 342.00
- Likely to fall to 330,00
Corn recently broke below the strong, long-term support level 342.00 (former monthly low from April and May of 2019 – which started the previous sharp weekly uptrend).
The breakout of the support level 342.was preceded by the breakout of the daily down channel from October -accelerating the active impulse waves 3 and (3).
Corn is likely to fall further toward the next support level 330,00 (target price for the termination of the active impulse wave (3)).