Soybean Oil SEPTEMBER 2019 is moving towards the support line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Soybean Oil SEPTEMBER 2019 continues in its current trajectory, we can expect it to reach 27.8500 within the next 11 hours.
Related Posts
There is a possibility of a big movement on Silver Spot after a breach of the resistance
Silver Spot has broken through a resistance line of a Channel Down and suggests a possible movement to…
After testing 65.4060 numerous times, Brent Crude has finally broken through. Can we expect a bullish trend to follow?
Brent Crude has broken through a resistance line. Because we have seen it retrace from this price in…
Because Silver Spot formed a Triangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower
Silver Spot is trapped in a Triangle formation, implying that a breakout is Imminent. This is a great…