Saturday 2 April 2016

Soybean meal

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:

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