The breakout of Soybean Meal SEPTEMBER 2019 through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of Soybean Meal SEPTEMBER 2019 to test 300.3569 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
Big movement possible on Brent Crude after a breach of 76.4880
A strong support level has been breached at 76.4880 on the 15 Minutes Brent Crude chart. Technical Analysis…
Silver Spot is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
Silver Spot is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a…
Natural Gas is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 7 days.
Natural Gas is moving towards a resistance line which it has tested numerous times in the past. We…