Soybean Meal March 2024 has broken through a support line of a Triangle and suggests a possible movement to 340.1698 within the next 12 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.
Bulls aim for 340.1698 after the Soybean Meal March 2024 triggered a bearish formation on the 1 hour chart
