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A technical analysis note on CBOT soybean oil reports that a first price target of 31.84 USD was reached, with the analyst keeping a bullish view above support at 30.97 USD. Targets of 33.10 and 35.67 USD are cited.
This is chart-based commentary with no new fundamental cause, so it adds little information on supply or demand for soybean oil.
centralcharts.comLondinia AI OnlineDec 12, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
