Soybean Oil January 2024 has broken through a resistance line. It has touched this line at least twice in the last 8 days. This breakout may indicate a potential move to 51.6130 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Soybean Oil January 2024 broke through a resistance at 2023-12-19T20:00:00.000Z, with the price momentum continuing to move in an upward direction over the next hours, good opportunity presents itself with the price expected to reach 51.6130.
