Soybeans AUGUST 2020 has broken through the support line of a Triangle. It has touched this line at least twice in the last 5 days. This breakout indicates a potential move to 895.8578 within the next 6 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Because Natural Gas formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
A Channel Down pattern was identified on Natural Gas at 2.7805, creating an expectation that it may move…
A possible move on Silver Spot as it heads towards support
Silver Spot is approaching the support line of a Channel Up. It has touched this line numerous times…
A possible move by Natural Gas towards 2.8829
Natural Gas has broken through the support line of a Pennant technical chart pattern. Because we have seen…