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CBOT Soyoil Weekly: Upward move halted
Posted by Labels: Technical Comment (CBOT Soyoil)
Market violated the downside support at USD37.00 had weaken the immediate weekly outlook. Upward move has been slowing down following a black candle printed. Thus, market may consolidate in near term with upside resistance is pegged at USD39.18. Downside support is lies at USD35.00 to 34.80 followed by USD33.00 to 32.00.
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