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Soybean Oil JULY 2022 – breach of price line thats been previously tested numerous times before

Soybean Oil JULY 2022 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 78.5400 within the next 21 hours.

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Important price line being approached by Gold AUGUST 2022. This price has been tested numerous times before.

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We expect NIY to trend downwards today with a 75% chance.

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