On the daily chart it looks as if we are finishing a wave 2 zig zag or could possibly finish it any day now as we have hit a target where wave A will be equal in length to wave C. The next possible target to would be where wave C would be .618 of wave A. The only way that this count becomes invalidated is if we move just one tick below 37.72 on the daily chart.
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Dec Soybean oil |
small position taken 3853 basis Dec
Good trading
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