Soybeans 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 9 days and suggests a possible target level to be around 1328.3750 within the next 2 days.
Breach of 1350.2500 could mean a start of a bearish trend on Soybeans January 2024
