FRA40 is quickly approaching 5931.5000. We expect either a breakout through this line, or a rebound.

FRA40 is heading towards a line of 5931.5000. If this movement continues, we expect the price of FRA40 to test 5931.5000 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.