Soybean Oil MAY 2022 is heading towards 80.5500 and could reach this point within the next 7 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
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…
Natural Gas seems to be on its way to resistance – a possible opportunity?
Natural Gas is about to retest a key horizontal resistance level near 3.4945. It has tested this level…
A possible move on Silver Spot as it heads towards resistance
An emerging Rising Wedge has been detected on Silver Spot on the 4 hour chart. There is a…