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
We expect a $126 movement on ZB within 48 hours following the event release at 2024-05-14 12:30.
Based on past United States PPI MoM news events there is a 80% chance of ZB trending downwards.…
We expect GC to trend downwards right now.
Based on past Germany ZEW Economic Sentiment Index news events there is a 70% chance of GC trending…
We expect a $1601 movement on KC within the next 48 hours.
Based on the last 12 Unemployment Rate events in United Kingdom, we could see a 819 pip movement…