Soybean Oil March 2024 has broken through a resistance line of a Channel Down and suggests a possible movement to 46.9065 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 13 days.
Soybean Oil March 2024 has broken out from the Channel Down pattern. Expect it to hit 46.9065 soon.
