Soybean Meal OCTOBER 2019 is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.

Soybean Meal OCTOBER 2019 is heading towards the support line of a Descending Triangle. If this movement continues, we expect the price of Soybean Meal OCTOBER 2019 to test 291.3000 within the next 22 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.