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Soybean Meal JULY 2022 – approaching a price line that has been previously tested numerous times in the past

Soybean Meal JULY 2022 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 6 hours.

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UB could trend downwards for the next 12 hours.

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AUS200 has broken through support of a Triangle. It has touched this line at least twice in the last 2 days.

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