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Soybean Oil JULY 2022 – approaching a price line that has been previously tested numerous times in the past

Soybean Oil JULY 2022 is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 14 days and may test it again within the next 2 days.

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After testing support twice in the past, US30 has finally broken through. Can we expect a bearish trend to follow?

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After testing support twice in the past, USD/CAD has finally broken through. Can we expect a bearish trend to follow?

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