Soybean Meal SEPTEMBER 2021 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 354.5583 can be expected within the next 5 hours.
Related Posts
A Falling Wedge has formed, Brent Crude is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Brent Crude is approaching the support line of a Falling Wedge. It has touched this line numerous times…
After testing 72.6880 numerous times, US Oil has finally broken through. Can we expect a bearish trend to follow?
US Oil has broken through 72.6880 which it has tested numerous times in the past. We have seen…
Silver Spot is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 6 days.
Silver Spot was identified at around 32.265 having recently rebounded of the support on the 1 hour data…