KC HRW Wheat MARCH 2020 has broken through the support 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 435.1984 can be expected within the next 12 hours.
Related Posts
US Oil – approaching a support line that has been previously tested at least twice in the past
Emerging Channel Up pattern in its final wave was identified on the US Oil 4 hour chart. After…
Gold Spot is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
Gold Spot was identified at around 3328.9805 having recently rebounded of the support on the 1 hour data…
Breach of 63.0270 could mean a start of a bullish trend on US Oil
A strong resistance level has been breached at 63.0270 on the 1 hour US Oil chart. Technical Analysis…