Soybean Oil DECEMBER 2020 is heading towards a line of 32.3100. If this movement continues, we expect the price of Soybean Oil DECEMBER 2020 to test 32.3100 within the next 21 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Soybean Oil DECEMBER 2020 is quickly approaching 32.3100. We expect either a breakout through this line, or a rebound.
