LEONES

December Bean Oil long (again)

Long
CBOT:ZLZ2012   Soybean Oil Futures (Dec 2012)
0
I would place a buy stop above today high, about 5110 with a stop loss below today low. Target 5469 (in two weeks?). Seasonal is bullish. this is normally the time of harvest lows. From a technical point of view this looks like a head and shoulder formation.

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