Live Cattle APRIL 2022 has broken through a support line of a Rising Wedge and suggests a possible movement to 144.6674 within the next 2 days. 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 17 days.
Related Posts
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…
Big movement possible on US Oil after a breach of 67.2755
US Oil has breached the resistance line at 67.2755. It may continue the bullish trend towards 68.6248, or,…
Gold Spot – approaching a resistance line that has been previously tested at least twice in the past
Gold Spot is moving towards a resistance line. Because we have seen it retrace from this line before,…