Saturday 9 July 2016

Soybean oil

My latest bearish signal for the soybean oil was on 18 June 2016.Since then price of soybean oil dropped by 4.7%.This week I got a bullish signal for the price of soybean oil based on the number of new long contracts opened (22,622) vs the number of old short contracts closed(67,054).This is bullish and I expect price of soybean oil to rise in the coming week(s).Check out my strategy and trackrecord2016 file on my free websites:http://cotreportfreeswingcharts.my-free.website/ 

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