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Chartists, did soy oil break out lower?
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jpartner
Posted 1/29/2015 17:12 (#4347771 - in reply to #4346762)
Subject: RE: Chartists, did soy oil break out lower?


Hi Alberta,

 Bean oil has done something similar to this before.  Big run up, failed swing, price trades below the failed lows, travels sideways, then rallies, fails etc.  Like most agree, there is an ever increasing floor that exists where price cannot go lower due to  inflation.....so what is prices remedy for that - travel sideways.  Cattle, silver, corn, all have done similar things.  The chart looks like a mess, but the geometry in the swings within is awesome!



Edited by jpartner 1/29/2015 17:15




(ZL MONTHLY.png)



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