Wheat SEPTEMBER 2019 is moving towards the support line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Wheat SEPTEMBER 2019 continues in its current trajectory, we can expect it to reach 501.2500 within the next 2 days.
Related Posts
Breach of resistance could mean a start of a bullish trend on Silver Spot
Channel Down pattern identified on Silver Spot has broken through a resistance level with the price momentum continuing…
If you’re long Natural Gas you should be aware of the rapidly approaching level of 3.4305
A strong support level has been identified at 3.4305 on the 15 Minutes Natural Gas chart. Natural Gas…
US Oil is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
A Channel Up pattern was identified on US Oil at 61.7135, creating an expectation that it may move…