ZL1 Soybean Oil Cont short term LONG soon
I see a LARGE ABC down with a short term bullish Gartley forming in green advancing to $30 ish (B leg), then June into August bearish completion at $19 possible $15 entry to Long.
I admit I have not traded Soybean Oil but twice and this is forecasting out pretty far so take my view with a grain of salt. Soybeans & Soybean oil do not appear the same. I'm seeing
possible Deflation with the drop in CL leading the way. CL going negative in May spells trouble.
I admit I have not traded Soybean Oil but twice and this is forecasting out pretty far so take my view with a grain of salt. Soybeans & Soybean oil do not appear the same. I'm seeing
possible Deflation with the drop in CL leading the way. CL going negative in May spells trouble.
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