Soybeans MAY 2023 is heading towards a line of 1518.7500. If this movement continues, the price of Soybeans MAY 2023 could test 1518.7500 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.
Soybeans MAY 2023 is approaching 1518.7500. We expect either a breakout through this line, or a rebound.
