The breakout of Soybean Oil JULY 2019 through the resistance line of a Falling Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Soybean Oil JULY 2019 to test 28.2845 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
ARTÍCULOS RELACIONADOS
Silver Spot consistently settling in one direction. Will it continue?
Due to the rate of consecutive bullish candles on Silver Spot Daily chart we could be in for…
Breach of support could mean a start of a bearish trend on Silver Spot
This trade setup on Silver Spot is formed by a period of consolidation; a period in which the…
Brent Crude is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
Brent Crude is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…