Soybean Oil MAY 2021 has broken through a line of 54.2400 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 53.7420 can be expected within the next 7 hours.
Important price line breached by Soybean Oil MAY 2021. This price has been tested numerous times before.
