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Commodities

Corn – Monthly Update

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Corn Long Term Open Articles Public
1105

Corn closed October in line with our expectations. Will the rally continue, or is it time to pocket gains? In this update, we break down the latest signals, candlestick patterns, and wave structure to outline what lies ahead for the grain market.

CANDLES

Corn closed the monthly candle 0.2¢ above September’s high—a clear win for bulls. The daily and weekly frames are bullish, and the weekly trend is on the verge of flipping bullish. Corn is bullish, and the rally is set to continue.

Classical Pattern – Flag

ELLIOTT WAVES
Mid Term

Short Term

Corn is possibly developing wave iii of 3. All charts remain the same.

Summary

Corn is bullish until directed otherwise, with a fair chance for the rally to continue over the next 3–6 months or longer.

Happy Trading!

Corn Long Term Open Articles Public
1105
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