Outlook for Soybean Oil Futures

On 14th December 2010, Wavetimes had suggested that Soybean Oil Futures could travel as high as 59.68, and I had posted a sell recommendation around that target. The actual high was seen on 10th Feb 2011, and it would have been possible to pin point the completion of...

Soybean Oil Futures Outlook 16 Dec 2010

Elliott Wave Analysis is always a work-in-progress. You can’t label a chart and command the market to obey your count! What you should so, instead, is to keep adjusting your count in line with the signals the market sends you. This does not mean a mindless switch from...

Soybean oil futures outlook

Soybean oil futures have been behaving quite technically, and an alert trader could have spotted some easy low risk trades. Take a look at the first chart of CBT Soybean oil January delivery futures. This is a weekly chart. The first thing you notice is the price...