CORN MAY 2021 has broken through a resistance line of a Triangle and suggests a possible movement to 563.4061 within the next 16 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 7 days.
Related Posts
US Oil is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 3 days.
US Oil is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…
After testing 65.0960 numerous times, Brent Crude is once again approaching this price point. Can we expect a bullish trend to follow?
Brent Crude is about to retest a key horizontal resistance level near 65.0960. It has tested this level…
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 approaching the support line of a Channel Down. It has touched this line numerous times…