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Breach of support could mean a start of a bearish trend on Soybean Oil March 2024

Soybean Oil March 2024 has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 45.5367 may materialize within the next 9 hours.

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