Soybean Oil MAY 2023 has broken through a resistance line of a Double Bottom chart pattern. If this breakout holds true, we may see the price of Soybean Oil MAY 2023 testing 61.4536 within the next 6 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.
Related Posts
After testing the support line numerous times, Gold Spot is once again approaching this line. Can we expect a bearish trend to follow?
Gold Spot was identified at around 3529.325 having recently rebounded of the resistance on the 1 hour data…
A possible move on Brent Crude as it heads towards resistance
Emerging Channel Up pattern in its final wave was identified on the Brent Crude 1 hour chart. After…
Natural Gas is approaching 2.8575. We expect either a breakout through this line, or a rebound.
Natural Gas is about to retest a key horizontal support level near 2.8575. It has tested this level…