CORN MARCH 2020 has broken through a support line of a Rising Wedge and suggests a possible movement to 387.0051 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
Gold Spot formed a Channel Up on the 1 hour chart. Retest of support in sight.
Gold Spot is moving towards a support line which it has tested numerous times in the past. We…
Natural Gas is signaling a possible trend reversal on the intraday charts with price not breaching support.
Natural Gas is heading towards the resistance line of a Rising Wedge. If this movement continues, the price…
Important price line being approached by Brent Crude. This price has been tested numerous times before.
Brent Crude is moving towards a resistance line. Because we have seen it retrace from this level in…