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Soybean Oil May 2024 – approaching a price line that has been previously tested numerous times in the past

Soybean Oil May 2024 is heading towards 49.8000 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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