Soybean Meal MAY 2021 is heading towards a line of 406.6000. If this movement continues, we expect the price of Soybean Meal MAY 2021 to test 406.6000 within the next 7 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 MAY 2021 is quickly approaching 406.6000. We expect either a breakout through this line, or a rebound.
