The breakout of Corn May 2024 through the 442.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Corn May 2024 could test 449.3250 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Gold Spot formed a Rising Wedge on the 30 Minutes chart. Retest of resistance in sight.
Gold Spot is approaching the resistance line of a Rising Wedge. It has touched this line numerous times…
If you’re short Gold Spot you should be aware that 3333.1995 has just been breached – a level tested 6 time in the past
Gold Spot has broken through a resistance line. It has touched this line numerous times in the last…
A Channel Up has formed, Brent Crude is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Brent Crude is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a…