Short

March Bean Oil H&S

Updated

March Bean Oil is building out what looks like a head and shoulders. Dropped today and heading for neckline at 29.73 to finish off the head. Right shoulder top needs to be formed before any trade can be entered.

Note

Bean Oil is nearing neckline and almost completed head.

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Bean Oil nearing neckline drop again today.

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Bean Oil playing around neckline at 29.73. No drop through yet, however tonight we might see that.

Note

Bean oil hasn't reached neckline yet. China US negotiations still on going. This may play out until Friday with lower moves and H&S continuation.

Note

March Bean Oil now crossing the neckline. Target 29

Trade closed: target reached

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