CORN SEPTEMBER 2020 has broken through the support line of a Descending Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 5 days and suggests a target line to be around 318.0531 within the next 12 hours.
Related Posts
Brent Crude – approaching a support line that has been previously tested at least twice in the past
The movement of Brent Crude towards the support line of a Channel Up is yet another test of…
After trying numerous times in the past, Silver Spot finally breaks 32.6936!
The breakout of Silver Spot through the 32.6936 price line is a breach of an important psychological price…
A possible move on US Oil as it heads towards resistance
A Channel Up pattern was identified on US Oil at 62.74, creating an expectation that it may move…