BeanOil has reached suppport (have a look at the weekly chart). Stochastic is diverging. This is a buy for me supported by seasonality. I would buy above today high with stop loss below tody low and target objective on the median line, Diffucult to evaluate when but I would say around 55.90. Soybean should be traded in a similar way. Leave you feedback and good trading!
I have noticed a trendline that could act as support and I have revised my previous study. I think the price move is going to be much faster. Sell 5635 with target objective 5370. This is also a sort of H&S pattern. I think the target could be reached by the end of next week. Leave your feedback!
Bean Oil ZLV2012 is moving inside a wide range. Resistance level at 5815 is still intact. The current price action is showing a trade opportunity. I would sell at 5630 with target 5360. Leave you feedback!
