Soybean Meal MARCH 2023 has broken through the support line of a Channel Up 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 5 days and suggests a possible target level to be around 474.3900 within the next 15 hours.
Soybean Meal MARCH 2023 – breach of a trending support line that has been tested at least twice before.
