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Supports and resistances are primary concepts of technical analysis. Soybeans May 2024 is heading for an important price of 1172.7500 – read about what this could mean for the future.

Soybeans May 2024 is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 1172.7500, unless it runs out of momentum and pulls back to current levels.

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We expect TN to trend downwards today with a 80% chance.

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