Soybean Oil SEPTEMBER 2020 has broken through a line of 31.6700 and suggests a possible movement to 32.1390 within the next 3 days. It has tested this line numerous times 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 16 days.
Related Posts
A possible move by Brent Crude towards 78.1084
The breakout of Brent Crude through the resistance line of a Triangle could be a sign of the…
Brent Crude is approaching a support line of a Falling Wedge. It has touched this line numerous times in the last 5 days.
A Falling Wedge pattern was identified on Brent Crude at 76.452, creating an expectation that it may move…
After testing the support line numerous times, Natural Gas is once again approaching this line. Can we expect a bearish trend to follow?
Natural Gas is heading towards the support line of a Falling Wedge. If this movement continues, the price…