The breakout of Wheat DECEMBER 2020 through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of Wheat DECEMBER 2020 to test 603.6458 within the next 16 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
Natural Gas formed a Falling Wedge on the 4 hour chart. Retest of support in sight.
An emerging Falling Wedge has been detected on Natural Gas on the 4 hour chart. There is a…
US Oil may be on a start of a new bearish trend after its breakout through this important support level
US Oil has broken through a line of 62.6985 and suggests a possible movement to 62.2475 within the…
Important support line being approached by Gold Spot. This price has been tested numerous time in the last 6 days
The movement of Gold Spot towards the support line of a Descending Triangle is yet another test of…