Wheat JULY 2019 is heading towards the support line of a Channel Up and could reach this point within the next 3 days. 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 levels.
Related Posts
Breach of support could mean a start of a bearish trend on Silver Spot
This trade setup on Silver Spot is formed by a period of consolidation; a period in which the…
Brent Crude is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
Brent Crude is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…
Important price line breached by Brent Crude. This price has been tested numerous times before.
Brent Crude has broken through 69.9835 which it has tested numerous times in the past. We have seen…