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Big movement expected on US30 after a breach of the support

US30 has broken through a support line of a Rising Wedge and suggests a possible movement to 26682.8927 within the next 6 days. 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 22 days.

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Breach of support could mean a start of a bearish trend on Soybean Oil DECEMBER 2019

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Resistance line breached by Soybean Meal DECEMBER 2019. This price has been tested at least twice before.

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