Soybean Meal SEPTEMBER 2020 has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 2 days and suggests a target line to be around 293.2802 within the next 7 hours.
Related Posts
Brent Crude is signaling a possible trend reversal on the intraday charts with price not breaching support.
A Rising Wedge pattern was identified on Brent Crude at 71.14, creating an expectation that it may move…
If you’re short Silver Spot you should be aware of the rapidly approaching level of 36.9301
Silver Spot is moving towards a resistance line. Because we have seen it retrace from this level in…
Gold Spot through 3306.825. Is this a confirming a breakout? Will it continue its path in the current trend toward 3262.6143?
This trade setup on Gold Spot is formed by a period of consolidation; a period in which the…