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Big movement expected on Soybean Meal AUGUST 2021 after a breach of the resistance

Soybean Meal AUGUST 2021 has broken through a resistance line of a Triangle and suggests a possible movement to 359.5638 within the next 16 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.

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Important price line breached by General Electric Co.. This price has been tested numerous times before.

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We expect a $5,962.5 movement on C within 4 hours following the event release at 28 Jun 23:30.

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