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GER30 – approaching a price line that has been previously tested numerous times in the past

GER30 is moving towards the resistance line of a Resistance. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 33 days and may test it again within the next 5 days.

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Wheat DECEMBER 2020 is quickly approaching 602.0000. We expect either a breakout through this line, or a rebound.

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