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FRA40 is quickly approaching 6538.5000. We expect either a breakout through this line, or a rebound.

FRA40 is heading towards a line of 6538.5000. If this movement continues, we expect the price of FRA40 to test 6538.5000 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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Breach of support could mean a start of a bearish trend on E-mini S&P 500 SEPTEMBER 2021

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