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A final push possible on Soybean Oil MAY 2022 as it starts approaching a price line of 80.5500.

Soybean Oil MAY 2022 is heading towards 80.5500 and could reach this point within the next 7 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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Important price line being approached by US30. This price has been tested numerous times before.

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