CHAKROUNE

My Soybean oil futures analysis

Short
CBOT:ZL1!   Soybean Oil Futures
• If the market breaks the resistance line with a big green candle, we have a high probability to get a bullish trend again
Otherwise it's a pullback, the market will return to the red support line, in this case and it's highly probable to break it and getting a bearish trend.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.