If you wanted to take profit this is a good as it gets
Fundamentally Veg Oils are behaving like 2010/2011, I am expecting a correction here this week due to a few factors, Short Trading Week, Long Week, Month end, PalmOil Stalling last week, much like Nov 2010.
If one wanted to take profits this is a good time, I am firm believer we keep rallying through Dec Jan Feb maybe Mar.
we are at Resistance now in the 38's Next resistance is 44's, we could also go ridiculous in the 60's if PalmOil stocks keep shrinking fast, WTI trending up would confirm possibility to go in the 60's.
If one wanted to take profits this is a good time, I am firm believer we keep rallying through Dec Jan Feb maybe Mar.
we are at Resistance now in the 38's Next resistance is 44's, we could also go ridiculous in the 60's if PalmOil stocks keep shrinking fast, WTI trending up would confirm possibility to go in the 60's.