Soybean Oil March 2024 has broken through a support line of a Triangle and suggests a possible movement to 47.9448 within the next 5 hours. 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 2 days.
Support line breached by Soybean Oil March 2024. This price has been tested at least twice before.
