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Soybeans NOVEMBER 2020 is quickly approaching 1011.0000. We expect either a breakout through this line, or a rebound.

Soybeans NOVEMBER 2020 is heading towards a line of 1011.0000. If this movement continues, we expect the price of Soybeans NOVEMBER 2020 to test 1011.0000 within the next 3 days. 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 just like it did in the past.

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Support line breached by JPN225. This price has been tested at least twice before.

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We expect a $0 movement on 6S within 12 hours following the release of ZEW Economic Sentiment Index.

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