Soybean Meal DECEMBER 2022 has broken through a resistance line. It has touched this line at least twice in the last 9 days. This breakout may indicate a potential move to 420.5617 within the next 21 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Natural Gas – approaching a price line that has been previously tested numerous times in the past
Natural Gas is moving towards a line of 2.6815 which it has tested numerous times in the past.…
If you’re short Natural Gas you should be aware that 2.7330 has just been breached – a level tested 5 time in the past
Natural Gas has broken through a line of 2.7330. If this breakout holds true, we could see the…
Gold Spot is signaling a possible trend reversal on the intraday charts with price not breaching support.
Gold Spot is approaching the resistance line of a Channel Up. It has touched this line numerous times…