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Big movement expected on FRA40 after a breach of the support

FRA40 has broken through a support line of a Rising Wedge and suggests a possible movement to 6511.6018 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.

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We expect a $385.148 movement on KC within 4 hours following the event release at 08 Jun 12:30.

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Nike Inc. Cl B has broken through resistance of a Falling Wedge. It has touched this line at least twice in the last 7 days.

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