Soybean Oil MAY 2021 is heading towards a line of 46.4900. If this movement continues, we expect the price of Soybean Oil MAY 2021 to test 46.4900 within the next 11 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Soybean Oil MAY 2021 is quickly approaching 46.4900. We expect either a breakout through this line, or a rebound.
