The SOY BEAN OIL, symbol ZL, is in a Bear Market Rally with price trading above the 50 week ema, but the 50 ema below the 200 and 800 week emas. The 50 and 200 emas are starting to turn up, so price is starting to come out of accumulation / distribution. The price action appears to be finishing up the c-wave of a c-wave up, within a multi-year x-wave. This last...
Increase of 17 percent since start of December. Volatility is coming back for soybean oil futures. I would like to wish all of traders a happy new year and happy trading in year of 2020. Find a method that suit your personality. Feel free to message if you have any difficulties in trading.
I don't know what quite else to say! My previous Idea unfolding into the bigger picture!
Rocking in a parabolic fashion. "Ask Bevis- I get nothing butthead" RIP BIG L
It is already 10 years since commodities super cycle took commodity markets to the all time high and soybean oil (ZL) market has been in the corrective period ever since. In a monthly chart, we could see that the correction of larger degree takes in the form of flat correction (3-3-5). As far as supply and demand (SnD) is concerned, there are 2 demand zones of...
waitng for the long sign for soyoil futures. expecting another 1 months time.