Soybean Oil JANUARY 2023 has broken through a resistance line. It has touched this line numerous times in the last 2 days. This breakout shows a potential move to 61.9120 within the next 5 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
Supports and resistances are primary concepts of technical analysis. Brent Crude is heading for an important price of 69.5835 – read about what this could mean for the future.
Brent Crude is en route to a very important line that will be a definite deciding factor of…
A possible move on Natural Gas as it heads towards support
Natural Gas is moving towards a support line. Because we have seen it retrace from this line before,…
A final push possible on US Oil as it starts approaching a price line of 67.3445.
US Oil is heading towards a line of 67.3445. If this movement continues, the price of US Oil…