Soybeans MARCH 2023 has broken through a resistance line of a Falling Wedge and suggests a possible movement to 1501.5001 within the next 10 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 8 days.
Related Posts
A possible move on US Oil as it heads towards resistance
US Oil was identified at around 61.4895 having recently rebounded of the support on the 1 hour data…
Brent Crude is approaching 64.3930. We expect either a breakout through this line, or a rebound.
The movement of Brent Crude towards 64.3930 price line is yet another test of the line it reached…
A possible move on Natural Gas as it heads towards support
Natural Gas was identified at around 3.2975 having recently rebounded of the resistance on the 4 hour data…