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Soybean Oil JANUARY 2021 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 11 days.

Soybean Oil JANUARY 2021 has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 11 days. This breakout indicates a potential move to 38.0641 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.

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Support line breached by 3m Co.. This price has been tested at least twice before.

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Breach of support could mean a start of a bearish trend on NAS100

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