Soybean Oil Reverses Bearish Cypher

10 Eki 2018

BO has moved lower today eyeing the 20 day MA and pivot at 28.52. RSI falling and Stochastic RSI has crossed over from high levels. If pivot holds increase move up to 29.95. Move under the 20 day MA and pivot would possibly send markets to S1 at 27.63. Overall market is in a downtrend.

18 Eki 2018

Not

Looks like Bean Oil is locked between R2 at 29.95 and pivot at 28.52. Might be trying to do a three drives. Bean Oil has created a double top Monday. Pivot needs to break and stay under if it crashes back to S2 at 27.09

24 Eki 2018

Not

Bean Oil continues to map out three drives

29 Eki 2018

Not

Bean Oil continues to drop headed for S1 at 27.63

7 Kas 2018

Not

Another bear flag for bean oil this morning.