Soybean Oil March 2024 may be on a start of a new bearish trend after its breakout through this important support level

A strong support level has been breached at 47.8000 on the 1 hour Soybean Oil March 2024 chart. Technical Analysis theory forecasts a movement to 47.0500 in the next day.

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Soybean Oil March 2024 may be on a start of a new bearish trend after its breakout through this important support level

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Supports and resistances are primary concepts of technical analysis. Brent Crude is heading for an important price of 64.8040 – read about what this could mean for the future.

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Soybean Oil March 2024 may be on a start of a new bearish trend after its breakout through this important support level

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