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A quick move expected on Soybean Meal SEPTEMBER 2019 as it starts approaching a support line of a Descending Triangle

Soybean Meal SEPTEMBER 2019 is heading towards the support line of a Descending Triangle and could reach this point within the next 7 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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We expect USDJPY to trend downwards right now.

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After testing the support line numerous times, US30 is once again approaching this line. Can we expect a bearish trend to follow?

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