Monday, August 17, 2009

CBOT Weekly Soyoil: in Mix view


Market ended with a long upper shadow had slowing down the upward move. Overall weekly technical landscape was in mix view. Thus, market may move sideways in near term. Therefore, we continue to look for the upside resistance at 39.00 to 40.00. Downside support is pegged at 35.30 followed by 33.20.