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Breach of 446.5000 could mean a start of a bearish trend on KC HRW Wheat JULY 2020

KC HRW Wheat JULY 2020 has broken through a line of 446.5000. If this breakout holds true, we expect the price of KC HRW Wheat JULY 2020 to test 443.8750 within the next 5 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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We expect SI to trend upwards right now.

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Important price line breached by FRA40. This price has been tested numerous times before.

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