Mid-term cyclic bullish setup for Soybean oil - ZL CBOT Futures Long

CBOT:ZLK20171D

Soybean Oil Futures (May 2017)CBOT

Description

⋅ Mar 16, 2017 12:55 PM

Look forward for gain starts in early April

Trade active

⋅ Mar 22, 2017 12:14 AM

Gonna retest upstairs barrier once again ahead of April. Trading active.

Trade active

⋅ May 9, 2017 5:45 PM

Waiting for further upside action. as expected in early April ZL showed some lows around time cycle vertical line, then broke the trend line in early May.

RSI(14) divirgence is in play also.

soybeanoil ZS1!ZL1!Soybeans soybean soybeanmeal