The movement of Soybean Meal AUGUST 2019 towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 6 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
ARTÍCULOS RELACIONADOS
Gold Spot formed a Rising Wedge on the 30 Minutes chart. Retest of resistance in sight.
Gold Spot is approaching the resistance line of a Rising Wedge. It has touched this line numerous times…
If you’re short Gold Spot you should be aware that 3333.1995 has just been breached – a level tested 6 time in the past
Gold Spot has broken through a resistance line. It has touched this line numerous times in the last…
A Channel Up has formed, Brent Crude is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Brent Crude is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a…