Soybean Oil MARCH 2023 has broken through a line of 62.4400 and suggests a possible movement to 61.5100 within the next 21 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
Related Posts
Brent Crude is approaching 64.3930. We expect either a breakout through this line, or a rebound.
The movement of Brent Crude towards 64.3930 price line is yet another test of the line it reached…
A possible move on Natural Gas as it heads towards support
Natural Gas was identified at around 3.2975 having recently rebounded of the resistance on the 4 hour data…
Supports and resistances are primary concepts of technical analysis. US Oil is heading for an important price of 62.3310 – read about what this could mean for the future.
US Oil is about to retest a key horizontal resistance level near 62.3310. It has tested this level…