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Soybean Oil JULY 2022 – approaching a price line that has been previously tested numerous times in the past

Soybean Oil JULY 2022 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 21 days and may test it again within the next 3 days.

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Resistance line breached by AUS200. This price has been tested at least twice before.

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GBP/USD moves lower to 1.231 in the last 28 days.

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