November 22, 2024
We’re tracking soybean oil futures as they hint at a potential rally amid broader market uncertainty. Key support levels, including the $44-$45 zone and major moving averages, are holding strong, suggesting possible short-term momentum. We also take a look at how these trends could impact related markets like canola. Will this rally set the stage for a larger trend reversal, or is it just a temporary pause in the downtrend? Review our October 8, 2024 Soybean Oil Futures Analysis: https://www.youtube.com/watch?v=QO3EaahVbDU
