Remko
Short

CBoT Beanoil maintaining short play

CBOT:ZLZ2016   SOYBEAN OIL FUTURES - ECBT
10 0 1
Beanoil:
Price keeps following our preferred route that we have put on the chart about a month ago and there is little to add to that. We have drawn a descending price channel in which price seem to be moving to the downside. Our targets remains unchanged, trails keep being trailed down along with price and traders with a short position enjoy the ride.
We will start looking at a possible reconsideration if and when price moves outside its channel on the upside and a break of the 32.50 level to the upside will invalidate our bear case.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out