Soybeans Nov. 2023) is struggling to break strong resistance around 1,428, and with the RSI divergence Soybeans is likely to be hit by a correction.
A correction could take Soybeans down tot eh 0.382 retracement and support at around 1,319 before uptrend could resume. A close below 1,319 could send Soybeans even lower to around 1,256 -1,246 i.e., around the 0.618 retracement level.
Bearish break of lower rising trendline will be first warning signal that a correction is unfolding
If Soybeans manages to break above 1,428 previous high at around 1,448 is likely to be tested