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

Soybean Meal MARCH 2020 has broken through a support line of a Pennant and suggests a possible movement to 299.0875 within the next 5 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 2 days.