US30 has broken through a line of 27971.0000 and suggests a possible movement to 28182.5996 within the next 2 days. It has tested this line numerous times 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 11 days.
Related Posts
DOW 30 – approaching a price line that has been previously tested numerous times in the past
DOW 30 is moving towards a resistance line. Because we have seen it retrace from this level in…
CAC 40 is quickly approaching a very important level it has previously tested numerous times in the past
The movement of CAC 40 towards 7798.7002 price line is yet another test of the line it reached…
Nikkei 225 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 2 days.
Rising Wedge pattern identified on Nikkei 225 has broken through a support level with the price momentum continuing…