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Support line breached by Soybean Meal OCTOBER 2019. This price has been tested at least twice before.

Soybean Meal OCTOBER 2019 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 290.1514 can be expected within the next 15 hours.

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After testing the support line numerous times, Merck & Co. Inc. is once again approaching this line. Can we expect a bearish trend to follow?

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