Soybeans MAY 2023 is heading towards 1518.7500 and could reach this point within the next 17 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
Important price line being approached by Brent Crude. This price has been tested numerous times before.
Brent Crude is moving towards a resistance line. Because we have seen it retrace from this level in…
US Oil formed a Channel Down on the 1 hour chart. Retest of resistance in sight.
US Oil is heading towards the resistance line of a Channel Down and could reach this point within…
Brent Crude is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
Brent Crude is heading towards the support line of a Falling Wedge and could reach this point within…