Soybean Meal OCTOBER 2019 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 290.1514 can be expected within the next 15 hours.
ARTÍCULOS RELACIONADOS
Supports and resistances are primary concepts of technical analysis. Brent Crude is heading for an important price of 64.8040 – read about what this could mean for the future.
Brent Crude is en route to a very important line that will be a definite deciding factor of…
Because Silver Spot formed a Channel Down pattern, we expect it to touch the support line. If it breaks through support it may move much lower
Silver Spot is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…
Gold Spot is quickly approaching the support line of a Flag. We expect either a breakout through this line or a rebound.
A Flag pattern was identified on Gold Spot at 3174.8255, creating an expectation that it may move to…