Soybean Oil DECEMBER 2019 has broken through a resistance line of a Ascending Triangle and suggests a possible movement to 31.0657 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 15 days.
Related Posts
Silver Spot is quickly approaching a very important level it has previously tested numerous times in the past
Silver Spot is heading towards 31.5620 and could reach this point within the next 3 days. It has…
US Oil is approaching a support line of a Rising Wedge. It has touched this line numerous times in the last 2 days.
US Oil is moving towards a support line. Because we have seen it retrace from this line before,…
After testing the resistance line numerous times, Natural Gas is once again approaching this line. Can we expect a bullish trend to follow?
Natural Gas is approaching the resistance line of a Channel Up. It has touched this line numerous times…