This trade setup on Soybeans May 2024 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 1172.0819.
After testing support twice in the past, Soybeans May 2024 has finally broken through. Can we expect a bearish trend to follow?
