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Soybean Oil
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Spikes
Posted 6/23/2022 13:37 (#9717892 - in reply to #9717867)
Subject: RE: Soybean Oil


These are the reversals coming into this move...you can see we elected two of them today and held on the third one...you will need to close tomorrow under another one to keep the momentum going to the down side...this is a Low Aggregate Trough on the array, it will be interesting if we get a turn here...the next Highest Aggregate is on the 1st. so it could still trade down into that date. Tomorrow is a directional change with a red trading cycle...there is a green trading cycle on the 28th which might be the best time to take a long.    

65.51, 64.61, 63.21, 63.01, 61.11

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