The breakout of FRA40 through the resistance line of a Pennant could be a sign of the road ahead. If this breakout persists, we expect the price of FRA40 to test 6776.8039 within the next 23 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing resistance twice in the past, FRA40 has finally broken through. Can we expect a bullish trend to follow?
