Wednesday, October 21, 2009

20091021 1036 Soy Oil Futures Trading Lower.


Soy oil futures traded lower currently down 0.10 at 37.37. Seller coming into the market to square off long positions. This can be seen with the MACD Histrogram getting lower forming a rounding top. Our crude palm oil also responded to this negative development by gaping down to open at 2165 down 15 point. At last looked, China Dalian crude palm oil futures market is trading down 84 points.

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