My last bearish signal for soybean meal was on 12 March 2016.At that time the Pearson correlation coefficient,for a 2 week time frame between long OI vs Short OI, was -1 which meant a bearish signal.This week and also based on a 2 week time frame,for the same variables,I still get a Pearson correlation coefficient of -1 and therefore the bearish signal keeps on for this commodity.Check my strategy to identify turning points and trends in securities on my free websites:
No comments:
Post a Comment