Soybean Meal DECEMBER 2022 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 14 days and suggests a possible target level to be around 406.7000 within the next 2 days.
Related Posts
Natural Gas – approaching a support line that has been previously tested at least twice in the past
The movement of Natural Gas towards the support line of a Channel Up is yet another test of…
Gold Spot is quickly approaching a very important level it has previously tested numerous times in the past
Gold Spot is moving towards a key resistance level at 3359.3501. Gold Spot has previously tested this level…
Because Gold Spot formed a Falling Wedge pattern, we expect it to touch the support line. If it breaks through support it may move much lower
An emerging Falling Wedge has been detected on Gold Spot on the 4 hour chart. There is a…