Important price line breached by Soybean Meal MARCH 2020. This price has been tested numerous times before.

Soybean Meal MARCH 2020 has broken through a line of 306.7000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 309.9900 can be expected within the next 3 days.