Soybean Oil AUGUST 2020 has broken through the resistance line of a Triangle. It has touched this line at least twice in the last 19 days. This breakout indicates a potential move to 29.0967 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Brent Crude – approaching a resistance line that has been previously tested at least twice in the past
Brent Crude is heading towards the resistance line of a Triangle and could reach this point within the…
Silver Spot is quickly approaching a very important level it has previously tested numerous times in the past
Silver Spot is moving towards a key resistance level at 38.2006. Silver Spot has previously tested this level…
A Triangle has formed, US Oil is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
US Oil is heading towards the support line of a Triangle. If this movement continues, the price of…