Soyoil prices unable to hold at 68.00 and finished with long black candle for 3 sessions and penetrated up-trend channel support line followed by few sessions of bad closed. Looks targeting underline support at between 55.00 to 56.00 level.
Wednesday, July 23, 2008
CBOT soyoil futures (2nd contract month): targeting 55.00 to 56.00
Soyoil prices unable to hold at 68.00 and finished with long black candle for 3 sessions and penetrated up-trend channel support line followed by few sessions of bad closed. Looks targeting underline support at between 55.00 to 56.00 level.
