The breakout of Soybean Oil MARCH 2022 through the 55.1900 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Soybean Oil MARCH 2022 could test 56.7560 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
After testing the support line numerous times, Gold Spot is once again approaching this line. Can we expect a bearish trend to follow?
Gold Spot is heading towards the support line of a Channel Down. If this movement continues, the price…
Natural Gas seems to be on its way to resistance – a possible opportunity?
A strong resistance level has been identified at 3.4615 on the 30 Minutes Natural Gas chart. Natural Gas…
Important resistance line being approached by Natural Gas. This price has been tested numerous time in the last 5 days
A Channel Down pattern was identified on Natural Gas at 3.3885, creating an expectation that it may move…