Soybean Oil MAY 2023 is moving towards a line of 57.3000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Soybean Oil MAY 2023 continues in its current trajectory, we may see it move towards 57.3000 within the next 8 hours.
Important price line being approached by Soybean Oil MAY 2023. This price has been tested numerous times before.
