Wheat MARCH 2020 has broken through a support line of a Triangle and suggests a possible movement to 524.4941 within the next 13 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 6 days.
Related Posts
A Ascending Triangle has formed, US Oil is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
US Oil is trapped in a Ascending Triangle formation, implying that a breakout is Imminent. This is a…
Natural Gas keeps moving closer towards 3.5625. Will it finally breach this level?
Natural Gas is moving towards a line of 3.5625 which it has tested numerous times in the past.…
Will US Oil break through the resistance level it tested before?
The price of US Oil in heading back to the resistance area. It is possible that it will…