Soybean Meal JANUARY 2022 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a possible target level to be around 358.2200 within the next 18 hours.
Related Posts
Gold Spot is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
Gold Spot was identified at around 3328.9805 having recently rebounded of the support on the 1 hour data…
Breach of 63.0270 could mean a start of a bullish trend on US Oil
A strong resistance level has been breached at 63.0270 on the 1 hour US Oil chart. Technical Analysis…
A possible move on Natural Gas as it heads towards support
Natural Gas was identified at around 3.219 having recently rebounded of the resistance on the 30 Minutes data…