Soybeans MAY 2023 is heading towards a line of 1516.7500. If this movement continues, the price of Soybeans MAY 2023 could test 1516.7500 within the next 18 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
Soybeans MAY 2023 is approaching 1516.7500. We expect either a breakout through this line, or a rebound.
