Tuesday, October 20, 2009

20091020 1530 Soy Oil Futures Forming a Shooting Star.



At last look soy oil futures is trading down 0.13 at 37.46 forming a shooting star candle. Seems like the 38.00 resistant level would be a big challenge for soy oil before it can move up further. MACD Histrogram also stayed flat shows that buyer and seller are fighting to take charge.   

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