Soybean Meal MAY 2023 has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 458.9372 may materialize within the next 21 hours.
Related Posts
Important price line being approached by Brent Crude. This price has been tested numerous times before.
Brent Crude is about to retest a key horizontal resistance level near 69.7445. It has tested this level…
Brent Crude is quickly approaching the resistance line of a Triangle. We expect either a breakout through this line or a rebound.
Brent Crude is heading towards the resistance line of a Triangle. If this movement continues, the price of…
If you’re long Natural Gas you should be aware of the rapidly approaching level of 3.0660
Natural Gas is moving towards a line of 3.0660 which it has tested numerous times in the past.…