The breakout of Soybeans NOVEMBER 2020 through the 997.2500 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Soybeans NOVEMBER 2020 to test 976.2250 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 997.2500 numerous times, Soybeans NOVEMBER 2020 has finally broken through. Can we expect a bearish trend to follow?
