MATIF rape chart analysis

The MATIF rape contract November 15 after a brief sideways movement the downward trend last week significantly boosted. Really strong support at 383 euro was overcome with a price jump. Currently, the listing on the support line at 375 euro moves. Here, the decline could initially come to a stop. Profit-taking would make then may be that the price gap is closed again and the price again exceeds the mark of 383 euros. Should however mark does not keep the 375er, technical sales for a further price weakness would keep up to 368 euros.

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