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After testing 1152.0000 numerous times, Soybeans May 2024 has finally broken through. Can we expect a bullish trend to follow?

Soybeans May 2024 has broken through a resistance line. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 1167.6000 within the next 19 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

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Bulls aim for 7676.5320 after the AUS200 triggered a bearish formation on the 1 hour chart

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