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AUS200 – approaching a price line that has been previously tested numerous times in the past

AUS200 is moving towards the resistance line of a Resistance. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 5 days and may test it again within the next 13 hours.

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Support line breached by Soybean Meal SEPTEMBER 2021. This price has been tested at least twice before.

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We expect a 144 pip movement on GF within 4 hours following the event release.

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