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After testing 66.1400 numerous times, Soybean Oil MARCH 2022 is once again approaching this price point. Can we expect a bullish trend to follow?

The movement of Soybean Oil MARCH 2022 towards 66.1400 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 13 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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FRA40 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 11 days.

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