KC HRW Wheat MAY 2021 has broken through the resistance 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 635.6707 can be expected within the next 3 days.
Related Posts
Supports and resistances are primary concepts of technical analysis. US Oil is heading for an important price of 65.9135 – read about what this could mean for the future.
A strong support level has been identified at 65.9135 on the 1 hour US Oil chart. US Oil…
Gold Spot is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.
An emerging Channel Down has been detected on Gold Spot on the 4 hour chart. There is a…
Important support line being approached by Gold Spot. This price has been tested numerous time in the last 3 days
Gold Spot is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a…