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Big movement expected on Soybean Meal AUGUST 2019 after a breach of the support

Soybean Meal AUGUST 2019 has broken through a support line of a Descending Triangle and suggests a possible movement to 314.5550 within the next 19 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.

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Procter & Gamble Co. is quickly approaching the support line of a Rising Wedge. We expect either a breakout through this line or a rebound.

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US30 – breach of a trending support line that has been tested at least twice before.

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