Soybeans May 2024 has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level to be around 1189.2221 within the next 15 hours.
Related Posts
An unexpected large move has occurred on Natural Gas Daily chart! Is this a sign of something new? What can we expect?
Natural Gas hits 3.033 after a 25.87% move spanning 23 days.
Important price line being approached by Silver Spot. This price has been tested numerous times before.
Silver Spot is heading towards a line of 32.9415. If this movement continues, the price of Silver Spot…
Natural Gas formed a Channel Down on the 1 hour chart. Retest of resistance in sight.
An emerging Channel Down has been detected on Natural Gas on the 1 hour chart. There is a…