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
Natural Gas is currently testing a level of 3.5315. Will the breakout continue or will things reverse?
The breakout of Natural Gas through the 3.5315 price line is a breach of an important psychological price…
Silver Spot formed a Triangle on the 30 Minutes chart. Retest of resistance in sight.
Silver Spot was identified at around 32.733 having recently rebounded of the support on the 30 Minutes data…
Breach of resistance could mean a start of a bullish trend on Silver Spot
Channel Down pattern identified on Silver Spot has broken through a resistance level with the price momentum continuing…