The breakout of Corn May 2024 through the 442.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Corn May 2024 could test 449.3250 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Natural Gas is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
Emerging Falling Wedge detected on Natural Gas – the pattern is an emerging one and has not yet…
Brent Crude experienced 4 consecutive daily bearish candles to reach a price of 67.8395
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
Silver Spot likely to test 36.4377 in the near future. Where to next?
Silver Spot is about to retest a key horizontal resistance level near 36.4377. It has tested this level…