InvestingScope

Channel Down on 1W. Short.

Short
CBOT:ZL1!   Soybean Oil Futures
Nothing too complicated here. The price is on a 1W Channel Down with a soft Resistance (Lower High on the 1D Channel Down) at 31.04 after having made a Lower High (hard resistance) at 32.04. Our medium term targets are 30.14 and 29.44.

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