Soybeans January 2024 has broken through a line of 1313.5000 and suggests a possible movement to 1321.5500 within the next 12 hours. It has tested this line numerous times in the past, so one should wait for a 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 3 days.
Breach of 1313.5000 could mean a start of a bullish trend on Soybeans January 2024
