Soybean Meal JULY 2022 has broken through a line of 428.1000 and suggests a possible movement to 420.0400 within the next 17 hours. It has tested this line numerous times in the past, so one should wait for confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.
ARTÍCULOS RELACIONADOS
A possible move on Natural Gas as it heads towards support
Natural Gas is moving towards a support line. Because we have seen it retrace from this line before,…
A final push possible on US Oil as it starts approaching a price line of 67.3445.
US Oil is heading towards a line of 67.3445. If this movement continues, the price of US Oil…
A Falling Wedge has formed, Natural Gas is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Natural Gas is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a…