Soybean Oil DECEMBER 2019 has broken through a support line of a Rising Wedge and suggests a possible movement to 30.6502 within the next 6 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
It’s time to make a decision on US Oil – its recent breach of 63.9260 could be a sign of a new trend to follow.
A strong support level has been breached at 63.9260 on the 30 Minutes US Oil chart. Technical Analysis…
After testing 64.0625 numerous times, US Oil has finally broken through. Can we expect a bearish trend to follow?
A strong support level has been breached at 64.0625 on the 1 hour US Oil chart. Technical Analysis…
Natural Gas – approaching a resistance line that has been previously tested at least twice in the past
Natural Gas is moving towards a resistance line which it has tested numerous times in the past. We…