Soybean Oil MAY 2022 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 72.8986 may materialize within the next 2 days.
Resistance line breached by Soybean Oil MAY 2022. This price has been tested at least twice before.
