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After testing the resistance line numerous times, Wheat JULY 2019 is once again approaching this line. Can we expect a bullish trend to follow?

The movement of Wheat JULY 2019 towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 9 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

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Important resistance line being approached by SPX500. This price has been tested numerous time in the last 11 days

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