Soybeans May 2024 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a possible target level to be around 1171.1750 within the next 16 hours.
Soybeans May 2024 is currently testing a level of 1182.2500. Will the breakout continue or will things reverse?
