Remko
Short

Beanoil is still in a down trend

CBOT:ZLK2016   SOYBEAN OIL FUTURES - ECBT
21 0 1
9 months ago
After the continuation pattern as detected earlier this week we see that price has formed a descending channel.
Combined with the earlier mentioned short set-up we keep looking at the downside with first target 30.00 where half of the position will be close. Current stop is at entry level and is being trailed down accordingly.
9 months ago
Trade closed: stop reached: Stop at entry level was hit and we are out. No capital went lost and we live to trade another day.
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