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Big movement expected on Travelers Cos Inc. after a breach of the support

Travelers Cos Inc. has broken through a support line of a Rising Wedge and suggests a possible movement to 141.97 within the next 9 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 6 days.

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Silver DECEMBER 2019 is quickly approaching 17.3300. We expect either a breakout through this line, or a rebound.

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