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Breach of support could mean a start of a bearish trend on Soybean Meal AUGUST 2020

Soybean Meal AUGUST 2020 has broken through a support line of a Triangle chart pattern. If this breakout holds true, we expect the price of Soybean Meal AUGUST 2020 to test 284.8883 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.

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We expect LE to trend upwards today with a 72.73% chance.

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