Wheat MAY 2020 is heading towards a price line of 549.5000 and could reach this point within the next 15 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
Related Posts
Could a large bullish move on Silver Spot be a sign of things to come?
Those of you that are trend followers are probably eagerly watching Silver Spot to see if its latest…
US Oil – breach of price line that’s been previously tested numerous times before
US Oil has broken through a resistance line. Because we have seen it retrace from this price in…
Big movement possible on US Oil after a breach of 62.0410
US Oil is once again retesting a key horizontal resistance level at 62.0410. It has tested this level…