KC HRW Wheat MAY 2020 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 470.5258 can be expected within the next 2 days.
Related Posts
US Oil is approaching a support line of a Channel Down. It has touched this line numerous times in the last 5 days.
The movement of US Oil towards the support line of a Channel Down is yet another test of…
Breach of resistance could mean a start of a bullish trend on US Oil
US Oil has broken through a resistance line of a Triangle and suggests a possible movement to 67.1989…
If you’re long US Oil you should be aware that 66.9375 has just been breached – a level tested 7 time in the past
The price of US Oil in heading in the direction of 66.1077. Despite the recent breakout through 66.9375…