Soybean Oil Futures
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Probable expanding diagonal pattern

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Price respects resistance at 35.79, hence, conforms probable expanding diagonal pattern whereby wave 5 is greater than wave 3.

The rejection correlates with bearish market sentiment and reduced demand from China due to disastrous Coronavirus outbreak.
İşlem kapandı: hedefe ulaştı
it's been a while since the last post. The price action has completed the expanding diagonal pattern from weekly and monthly perspective. the market has made major reversal and past the invalidation line which indicates a bullish run oon long term perspective

Feragatname

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