20091006 1015 Soy Oil Futures Stay Steady around 33.90 level.

Soy oil futures traded steadily around 33.90 level. Chart wise, price still trading below Mid Bollinger Band = Bias to bearish. This is also confirm by the expanding Bollinger Band width = More downside. Having said that, MACD histrogram edge up a little higher suggest that market has not yet ready for a sell down.