The breakout of Soybean Meal MARCH 2022 through the 395.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Soybean Meal MARCH 2022 could test 389.4400 within the next 12 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Silver Spot – approaching a price line that has been previously tested numerous times in the past
Silver Spot is moving towards a key support level at 36.0185. This is a previously tested level for…
Gold Spot – approaching a support line that has been previously tested at least twice in the past
An emerging Channel Up has been detected on Gold Spot on the 1 hour chart. There is a…
US Oil is currently testing a level of 68.5650. Will the breakout continue or will things reverse?
US Oil has broken through a line of 68.5650. If this breakout holds true, we could see the…