Soybean Oil MAY 2023 has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 12 days and suggests a possible target level to be around 57.2254 within the next 3 days.
Soybean Oil MAY 2023 – breach of a trending resistance line that has been tested at least twice before.
