# SOYBEAN OIL - Daily - Technical analysis published on 12/12/2019 (GMT)

> 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.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12383-soybean-oil-daily-technical-analysis-published-on-12-12-2019-gmt
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

This is chart-based commentary with no new fundamental cause, so it adds little information on supply or demand for soybean oil.

## Read by commodity

- SBO: bullish ▲

## Sources

- centralcharts.com: https://www.centralcharts.com/en/6583-soybean-oil/analysis/82606-soybean-oil-daily

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.