CBOT Soyoil Daily: More room to bias upside potential

Market violated the upside resistance at Usc41.40 and and end off the high. Thus, we may foresee more room to bias upside potential in near term with upside is projected at Usc42.23-42.48 (gap left over on 6/10/2008)followed by USc43.50-43.80. To the downside, support is lies at USc40.00-39.50.