Live Cattle APRIL 2022 has broken through a support line of a Rising Wedge and suggests a possible movement to 144.6674 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 17 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…