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Big movement expected on Verizon Communications Inc. after a breach of the support

Verizon Communications Inc. has broken through a support line of a Channel Up and suggests a possible movement to 59.12 within the next 2 days. 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 12 days.

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FRA40 is quickly approaching 5931.5000. We expect either a breakout through this line, or a rebound.

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Important price line being approached by Silver DECEMBER 2019. This price has been tested numerous times before.

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