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After testing 328.6000 numerous times, Soybean Meal May 2024 is once again approaching this price point. Can we expect a bearish trend to follow?

Soybean Meal May 2024 is moving towards a key support level at 328.6000. This is a previously tested level for Soybean Meal May 2024. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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Supports and resistances are primary concepts of technical analysis. Soybean Oil May 2024 is heading for an important price of 44.5100 – read about what this could mean for the future.

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