Remko
Short

Beanoil CBoT: maintaining short play

CBOT:ZLZ2016   SOYBEAN OIL FUTURES - ECBT
14 0 1
Beanoil:
Nothing much to add to the chart of last week. Price is performing as per our preferred routing although we still need to see the 31.42 low of May 23-25 to be taken out. Thus far price took out the most recent low of June 16 at 31.75 and the impulsive character of last Friday's session indicates that the 30.50 level should be reached by the end of next week. Stops are being trailed down and we let the market do its job.

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