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Soybeans JULY 2020 – approaching a price line that has been previously tested numerous times in the past

Soybeans JULY 2020 is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 2 days and may test it again within the next 8 hours.

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After experiencing a 14.11% bearish move in the space of 3 days, nobody knows where Exxon Mobil Corp. is headed.

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We expect NIY to trend downwards right now.

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