Soybean Meal January 2024 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 23 days and suggests a possible target level to be around 417.2700 within the next 3 days.
After testing 428.8000 numerous times, Soybean Meal January 2024 has finally broken through. Can we expect a bearish trend to follow?
