Soybean Meal MAY 2023 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 487.2257 may materialize within the next 20 hours.
Resistance line breached by Soybean Meal MAY 2023. This price has been tested at least twice before.
