My latest bearish signal for the soybean oil was on 19 March 2016.Since then price of the soybean oil dropped by 5.69 %.This week I got a bullish signal for this commodity based on the total number of new long contracts opened(41,941) vs net number of old short contracts closed(7,553) in the last 2 weeks.This means new long contracts opened outnumbered old short contracts closed by more than 5 to 1.This is bullish and as result I expect price of the soybean oil to rally in the coming days/weeks.Check out my strategy and trackrecord2016 file on my free websites:http://futuresandoptions.wix.com/cotswingcharts
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