Friday, August 14, 2009

CBOT Soyoil Daily:May enter to a correction zone


Market reversed to end lower with a black candle printed had slowing down the upward move. Thus, market may enter into a correction zone in near term. As for now, we are looking for the upside resistance at 39.00 to 39.20. Downside support is stood at 37.40-37.20 followed by 36.50-36.25