This trade steup on Soybean Meal January 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 400.4778.
Related Posts
We expect a $6742337 movement on NKD within the next 48 hours.
Based on the last 12 Non Farm Payrolls events in United States, NKD could experience an downwards trend.…
We expect a $7400020 movement on YM within the next 2 hours.
Based on the last 12 Balance of Trade events in Canada, we may expect YM to trend downwards…
We expect a $65486 movement on C within the next 48 hours.
We expect a $65486 movement on C within the next 48 hours. We expect C to trend downwards…