The price of Soybeans May 2024 in heading in the direction of 1172.5500. Despite the recent breakout through 1185.2500 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Related Posts
A Falling Wedge has formed, Natural Gas is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Natural Gas is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a…
Natural Gas is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
Emerging Falling Wedge detected on Natural Gas – the pattern is an emerging one and has not yet…
Brent Crude experienced 4 consecutive daily bearish candles to reach a price of 67.8395
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…