Tuesday, June 3, 2014

Dec soybean oil bottoming out ?

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.

Dec Soybean oil
small position taken 3853 basis Dec

Good trading

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