US30 has broken through a support line. It has touched this line at least twice in the last 6 days. This breakout may indicate a potential move to 33469.2849 within the next 7 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Nikkei 225 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Nikkei 225 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times…
Supports and resistances are primary concepts of technical analysis. DAX 40 is heading for an important price of 23798.8008 – read about what this could mean for the future.
A strong support level has been identified at 23798.8008 on the 30 Minutes DAX 40 chart. DAX 40…
Breach of resistance could mean a start of a bullish trend on CAC 40
Triangle pattern identified on CAC 40 has broken through a resistance level with the price momentum continuing to…