ZL1! Weak demand shows for upcoming weeks, price looking for stable here for next one or two weeks, but its possible to Malaysian palm oil price will coming down toward 4000 ringgit & Soybean oil price toward $48 again..Soybean Oil Futures (May 2016) forum
ZL1! Weak demand shows for upcoming weeks, price looking for stable here for next one or two weeks, but its possible to Malaysian palm oil price will coming down toward 4000 ringgit & Soybean oil price toward $48 again..ZL1! We think weekly basis US Soybean oil price will be going for correction. Malaysian palm oil price will be going down for next few weeks. Next support level is 4350 Ringgit to 4100 Ringgit.
ZL1! whats happening with soy oil?
ZL1! path of least resistance has been to the downside, do we see a gap fill and find support? or does the market hunt out speculative stops below the gap? only time will tellZL1! US Soybean oil price will be going toward $60 within few weeks. Good support from $50.50 to $51.50 level. Malaysian Palm oil in good demand. Palm oil price also going higher toward 4550 Ringgit.ZL1! interesting move today on low volumeZL1! I think US Soybean oil price is looking for a good moves...ZL1! US Soybean oil price candle is preparing flag in chart. I think it will ready to fly toward $60 within few weeks...ZL1! US Soybean Oil will be going toward $57 to $60 level for now...ZL1! US Soybean Oil price is ready for higher move. It will be going toward $52 to $55 level within few weeks. Malaysian palm oil price also going higher for upcoming good demand from China & India.