The breakout of Soybean Oil MAY 2020 through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Soybean Oil MAY 2020 to test 26.2896 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, Soybean Oil MAY 2020 has finally broken through. Can we expect a bearish trend to follow?
