Soybean Oil: There May Be Some Downside Ahead

Short

Soybean Oil Futures (Dec 2016) (CBOT:ZLZ2016)

Updated

CBOT:ZLZ2016 Soybean Oil Futures (Dec 2016)

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

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More downside today

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Price is still falling so the idea is still in play

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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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about KCZ2016

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