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Soybean Oil JULY 2022 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 8 days.

Soybean Oil JULY 2022 has broken through a support line. It has touched this line at least twice in the last 8 days. This breakout may indicate a potential move to 79.1147 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.

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