ZL Soybean Oil has shown a reverlsal pattern Short

Soybean Oil FuturesCBOT

Description

⋅ Dec 29, 2022 2:41 PM

ZL has a Head-Shoulders pattern after a long Uptrend.

a break through the nickel is a signal of entering short with a 1/4 risk-reward ratio.

Let's see if the market will confirm my analysis.