Monday, November 2, 2009

20091102 1132 Soy Oil Futures traded at 36.65.



Soy oil futures, traded higher up 0.25 at 36.65 after closed lower yesterday followed by gap down lower during opening today. Chart wise, it has breached the mid Bollinger band inside a contracting Bollinger band width = market are like to trade downward biased or side way. MACD Histrogram dive deeper into the negative territory = seller are comming into the market.

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