You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 49.4026 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Important resistance line being approached by US Oil. This price has been tested numerous time in the last 2 days
US Oil is heading towards the resistance line of a Channel Up and could reach this point within…
Brent Crude seems to be on its way to resistance – a possible opportunity?
The price of Brent Crude in heading back to the resistance area. It is possible that it will…
After experiencing a 1.98% bearish move in the space of 15 hours, nobody knows where Gold Spot is headed.
Those of you that are trend followers are probably eagerly watching Gold Spot to see if its latest…