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Important support line being approached by Soybean Oil SEPTEMBER 2019. This price has been tested numerous time in the last 3 days

Soybean Oil SEPTEMBER 2019 is moving towards the support line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Soybean Oil SEPTEMBER 2019 continues in its current trajectory, we can expect it to reach 27.8500 within the next 11 hours.

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Be very careful of upcoming volatility. We expect a $250 movement on GBPUSD.

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After testing the resistance line numerous times, FRA40 is once again approaching this line. Can we expect a bullish trend to follow?

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