The second good looking bear spread in soybeans complex. If you consider to trade both, i would either recomend to allocate your position between both 2 or just trade 1 on them. They tend to behave similliar, so it is not wise to trade correlated assets and manage them as 2 standalone trades.
This soybeans oil spread is much less risky. Historical lowest prices...
Not often we see parabolic curves in traditional commodity markets. It will be interesting to see if the parabola continues or if the chart morphs into something else
As market is still in bearish bias, price is testing the support level of 29.20. Downward movement is still expected for price to test the next support level.
