Olu
Short

Soybean Oil: There May Be Some Downside Ahead

CBOT:ZLZ2016   SOYBEAN OIL FUTURES - ECBT
33 0 2
Comments on the chart. Price taken out the high of the bearish engulfing candle is the first sign that this idea might be failing
Comment: downside price action is playing out however I dont like the ecovery into the close. Still looking lower
Comment: More downside today
Comment: Price is still falling so the idea is still in play
Comment: Price is attacking the entry point/breakeven point. For this idea to resume price has o fall away tomorrow
Comment: Good downmove today.

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