Soybean Oil MARCH 2023 has broken through a line of 62.4400 and suggests a possible movement to 61.5100 within the next 21 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
Related Posts
After testing the support line numerous times, Silver Spot is once again approaching this line. Can we expect a bearish trend to follow?
Silver Spot is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a…
Silver Spot formed a Channel Up on the 4 hour chart. Retest of resistance in sight.
Silver Spot was identified at around 36.0735 having recently rebounded of the support on the 4 hour data…
Supports and resistances are primary concepts of technical analysis. US Oil is heading for an important price of 62.4330 – read about what this could mean for the future.
US Oil is heading towards a line of 62.4330. If this movement continues, the price of US Oil…