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Commodities

Corn – Monthly Update

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Corn Long Term Open Articles Public
825

Corn did not surprise us in November. 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

Following a strong bullish close in October, corn ended November with a solid bullish continuation candle above the 20-month EMA. On December 1, the commodity reinforced its bullish stance with a strong 10-day closure. Corn remains bullish, and the rally is set to continue.

Classical Pattern – Flag

Corn hit the minimum target for the flag on November 28, signaling a continued move higher.

ELLIOTT WAVES
Mid Term

Short Term

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

Summary

Corn remains 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
825
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