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Breach of 71.8900 could mean a start of a bullish trend on Soybean Oil JULY 2021

Soybean Oil JULY 2021 has broken through a line of 71.8900. If this breakout holds true, we expect the price of Soybean Oil JULY 2021 to test 73.8330 within the next 12 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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US30 is quickly approaching 34655.0000. We expect either a breakout through this line, or a rebound.

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