Soybean Oil - 50 years chart, what do you see?
Let's look at Fibonacci levels. The attached chart, on a logarithmic scale, spans over 50 years - that's huge! The market just bounced from the 61.8% level, confirming that the bulls are still alive. Let's switch to a lower timeframe in the next post to see if anything interesting is happening there.
Note
If you are interested in a deeper analysis on a monthly timeframe, please switch to
- SOYO - WISDOMTREE COMMODITY SECURITIES LTD 0% SECURED UNDATED NTS (SOYBEAN OIL) USD
and check out my Ideas there. Alternatively, you can simply go to my profile
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