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Soybean Oil MAY 2022 has broken through resistance of a Triangle. It has touched this line at least twice in the last 4 days.

Soybean Oil MAY 2022 has broken through a resistance line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 75.3351 within the next 19 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

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We expect a $75,085.355 movement on GC within 12 hours following the release of Housing Starts.

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BCHAUD is approaching the support line of a Support. It has touched this line numerous times in the last 12 days.

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