This trade steup on Soybeans March 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 bullish breakout through resistance, it seems to suggest that we could see the next price move to 1307.1662.
Related Posts
Big movement possible on US Oil after a breach of 67.2755
US Oil has breached the resistance line at 67.2755. It may continue the bullish trend towards 68.6248, or,…
Gold Spot – approaching a resistance line that has been previously tested at least twice in the past
Gold Spot is moving towards a resistance line. Because we have seen it retrace from this line before,…
If Natural Gas touches 3.4825 it may be time to take action.
Natural Gas is moving towards a support line. Because we have seen it retrace from this level in…