Soybean Oil FuturesShort
SBO Wave 5 in the making?
SBO making a downtrend movement since Nov 2022.
Based on EW rules.. price now should make Wave 5.
Target to nearest support + Fibo extension 0.618.
Another 2.8% movement.
If we use this data for FCPO, there will be another around 100tick price to go down.
Based on EW rules.. price now should make Wave 5.
Target to nearest support + Fibo extension 0.618.
Another 2.8% movement.
If we use this data for FCPO, there will be another around 100tick price to go down.
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