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
Brent Crude is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
Brent Crude is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…
Important price line breached by Brent Crude. This price has been tested numerous times before.
Brent Crude has broken through 69.9835 which it has tested numerous times in the past. We have seen…
A Rising Wedge has formed, US Oil is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
US Oil is heading towards the resistance line of a Rising Wedge and could reach this point within…