Big movement expected on Soybean Meal MARCH 2020 after a breach of 300.6000

Soybean Meal MARCH 2020 has broken through a line of 300.6000 and suggests a possible movement to 298.1300 within the next 15 hours. It has tested this line numerous times 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 10 days.