Soybeans JANUARY 2021 has broken through resistance of a Channel Down. It has touched this line at least twice in the last 3 days.

Soybeans JANUARY 2021 has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 3 days. This breakout indicates a potential move to 1153.2777 within the next 10 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.