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Description of a special situation that recently developed in May 2016 Soybean Oil Futures with contrasting clues: price reached a resistance level and formed a shooting star / upthrust, disaggregated Commitment of Traders (COT index) could be considered bearish but seasonality is rising until the beginning of April.

So what?

We wait for a deep retracement in this market, but, as always, time will tell.

Watch the video.

soybean oil bearish video march 2016 trading for purpose

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