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Travelers Cos Inc. is quickly approaching the support line of a Rising Wedge. We expect either a breakout through this line or a rebound.

Travelers Cos Inc. is heading towards the support line of a Rising Wedge. If this movement continues, we expect the price of Travelers Cos Inc. to test 143.69 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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After testing the resistance line numerous times, Soybean Oil JULY 2019 is once again approaching this line. Can we expect a bullish trend to follow?

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