The breakout of Soybean Meal DECEMBER 2020 through the 335.2000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Soybean Meal DECEMBER 2020 to test 330.5000 within the next 16 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 335.2000 numerous times, Soybean Meal DECEMBER 2020 has finally broken through. Can we expect a bearish trend to follow?
