Soybean Oil Futures
Panjang

Soybean Oil - 50 years chart, what do you see?

56
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.
Nota
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

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.