Soybeans May 2024 moved through the resistance line of a Falling Wedge at 1145.6399999999999 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 1169.6664.
Related Posts
Because Gold Spot formed a Ascending Triangle pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Gold Spot is heading towards the resistance line of a Ascending Triangle and could reach this point within…
Will Gold Spot break through the resistance level it tested before?
Gold Spot is moving towards a resistance line. Because we have seen it retrace from this level in…
After testing the support line numerous times, US Oil is once again approaching this line. Can we expect a bearish trend to follow?
US Oil is moving towards a support line which it has tested numerous times in the past. We…