Soybean Meal MAY 2020 is heading towards a line of 317.6000. If this movement continues, we expect the price of Soybean Meal MAY 2020 to test 317.6000 within the next 5 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 just like it did in the past.
Soybean Meal MAY 2020 is quickly approaching 317.6000. We expect either a breakout through this line, or a rebound.
