The breakout of Soybeans MAY 2020 through the resistance line of a Falling Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Soybeans MAY 2020 to test 865.5415 within the next 18 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing resistance twice in the past, Soybeans MAY 2020 has finally broken through. Can we expect a bullish trend to follow?
