This trade setup on Soybeans May 2024 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 1172.0819.
Related Posts
Could a large bullish move on US Oil be a sign of things to come?
US Oil hits 59.9475 after a 5.63% move spanning 18 hours.
A possible move on Natural Gas as it heads towards resistance
A Rising Wedge pattern was identified on Natural Gas at 3.4205, creating an expectation that it may move…
It’s time to make a decision on Gold Spot – its recent breach of 3260.0820 could be a sign of a new trend to follow.
Gold Spot has broken through 3260.0820 which it has tested numerous times in the past. We have seen…