Soybean Oil May 2024 is moving towards a line of 46.0100 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Soybean Oil May 2024 continues in its current trajectory, we may see it move towards 46.0100 within the next 10 hours.
A final push possible on Soybean Oil May 2024 as it starts approaching a price line of 46.0100.
