# Soybean Oil Technical Analysis » Trilateral » Procurement Strategies

> A technical analysis of soybean oil futures argues the trend is bullish, with prices above key RSI levels indicating the prior February-June downtrend has ended. The author advises edible oil buyers to use price pullbacks to extend coverage, citing a critical support level near 30.24.

- Date: 2019-11-12 · published 2019-11-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56157-soybean-oil-technical-analysis-trilateral-procurement-strategies
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Technical bullish signals and buyer advice to add coverage on dips suggest upward pressure on soybean oil prices, though this is a forecast rather than a new supply or demand event.

## Read by commodity

- SBO: bullish ▲

## Sources

- trilatinc.com: https://www.trilatinc.com/soybean-oil-technical-analysis-2/

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