This trade steup on Soybean Meal January 2024 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 400.4778.
Bulls aim for 400.4778 after the Soybean Meal January 2024 triggered a bearish formation on the 1 hour chart
