Soy continues to rise after the earlier breakout of the resistance area lying between the key resistance level 923.0 (which also stopped the previous waves 3 and 5, as can be seen below) and the 50% Fibonacci correction of the previous sharp onward impulse from last May.
The breakout of this resistance area strengthened the bullish pressure on this instrument.
Soy is expected to rise further and re-test the next resistance level 940.00 (former multi-month support from the start of 2018).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies