Soybean Meal DECEMBER 2022 has broken through a line of 408.0000 and suggests a possible movement to 410.4400 within the next 7 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
Gold Spot hits 3350.1135 after a 12.36% move spanning 11 days
Those of you that are trend followers are probably eagerly watching Gold Spot to see if its latest…
Resistance line breached by Brent Crude. This price has been tested at least twice before.
Brent Crude has broken through the resistance line of a Triangle technical chart pattern. Because we have seen…
Resistance line breached by Natural Gas. This price has been tested at least twice before.
Channel Down pattern identified on Natural Gas has broken through a resistance level with the price momentum continuing…