Soybean Meal JULY 2020 is heading towards a price line of 286.8000 and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
A final push expected on Soybean Meal JULY 2020 as it starts approaching a price line of 286.8000.
