US30 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 30799.5560 can be expected within the next 2 days.
Related Posts
After testing the support line numerous times, DAX 40 is once again approaching this line. Can we expect a bearish trend to follow?
DAX 40 is moving towards a support line. Because we have seen it retrace from this line before,…
FTSE 100 is approaching 8851.1904. We expect either a breakout through this line, or a rebound.
FTSE 100 is moving towards a resistance line. Because we have seen it retrace from this level in…
A Channel Up has formed, DAX 40 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
A Channel Up pattern was identified on DAX 40 at 24109.4, creating an expectation that it may move…