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US30 – approaching a price line that has been previously tested numerous times in the past

US30 is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 11 days and may test it again within the next 2 days.

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After testing support twice in the past, E-mini S&P 500 DECEMBER 2020 has finally broken through. Can we expect a bearish trend to follow?

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Important price line breached by UK100. This price has been tested numerous times before.

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