Soybean Oil JULY 2022 has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 5 days and suggests a possible target level to be around 79.5869 within the next 9 hours.
Soybean Oil JULY 2022 – breach of a trending support line that has been tested at least twice before.
