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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.