Soybean Oil May 2024 dropped sharply for 11 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in Soybean Oil May 2024 there is a chance that we will witness a correction, no matter how brief.
Related Posts
Because Gold Spot formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
Gold Spot is moving towards a support line. Because we have seen it retrace from this line before,…
US Oil is currently testing a level of 62.2340. Will the breakout continue or will things reverse?
US Oil has broken through 62.2340 which it has tested numerous times in the past. We have seen…
A Rising Wedge has formed, Natural Gas is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Natural Gas was identified at around 3.1395 having recently rebounded of the support on the 30 Minutes data…