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

Soybeans SEPTEMBER 2020 is moving towards the resistance line of a Resistance. 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 5 hours.

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After testing 6.47 numerous times, General Electric Co. has finally broken through. Can we expect a bearish trend to follow?

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We expect ES to trend upwards today with a 75% chance.

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