Soybean Meal JANUARY 2021 is heading towards a line of 378.0000. If this movement continues, we expect the price of Soybean Meal JANUARY 2021 to test 378.0000 within the next 8 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Soybean Meal JANUARY 2021 is quickly approaching 378.0000. We expect either a breakout through this line, or a rebound.
