Soybean Oil March 2024 has broken through a support line of a Triangle and suggests a possible movement to 47.9448 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
Gold Spot – breach of a trending support line that has been tested at least twice before.
This trade setup on Gold Spot is formed by a period of consolidation; a period in which the…
Gold Spot seems to be on its way to resistance – a possible opportunity?
Gold Spot is approaching a resistance line at 3761.6851. If it hits the resistance line, it may break…
Important support line being approached by Natural Gas. This price has been tested numerous time in the last 3 days
A Channel Up pattern was identified on Natural Gas at 2.9215, creating an expectation that it may move…