March Bean Oil is building out what looks like a head and shoulders. Dropped today and heading for neckline at 29.73 to finish off the head. Right shoulder top needs to be formed before any trade can be entered.
Comment:
Bean Oil is nearing neckline and almost completed head.
Comment:
Bean Oil nearing neckline drop again today.
Comment:
Bean Oil playing around neckline at 29.73. No drop through yet, however tonight we might see that.
Comment:
Bean oil hasn't reached neckline yet. China US negotiations still on going. This may play out until Friday with lower moves and H&S continuation.
Comment:
March Bean Oil now crossing the neckline. Target 29
Trade closed: target reached