Soybeans May 2024 has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level to be around 1189.2221 within the next 15 hours.
Soybeans May 2024 has broken out from the Triangle pattern. Expect it to hit 1189.2221 soon.
