Soybean Oil Futures
Long
Updated

Soybean Oil Long term

217
Major set-up right here.
Note
Taking profit at 37.9
Note
This was one of my most optimistic markets 5 months ago from a long standpoint. Definitely did not think a retracement of this magnitude would occur. At this point I see the following possibility:

Ideally, we see price revert all the way down to 26. That would be a spectacular risk/reward opportunity with a high probability rebound.
snapshot
Note
Trend line is broken
snapshot
Trade active
Buy aggressively. Long at 32

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