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Big movement expected on Soybean Oil DECEMBER 2019 after a breach of 29.7300

Soybean Oil DECEMBER 2019 has broken through a line of 29.7300 and suggests a possible movement to 29.1800 within the next 3 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 21 days.

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We expect a $1.309 movement on DC within the next 48 hours.

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