Soybean Oil MAY 2020 has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of Soybean Oil MAY 2020 to test 26.1533 within the next 11 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
Breach of support could mean a start of a bearish trend on Soybean Oil MAY 2020
