Short term view - Soybean Meal, May17, Chicago : The moving average is capping prices.
The previous low has been broken, the bearish trend is confirmed. The next target is at $310.20. The invalidation level is above $317.40.Arguments :
- The 50% retracement is causing the fall.
- The moving average is capping prices.
- The triangle has been triggered, the target...
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