Tuesday, December 22, 2009

CBOT Soyoil Daily: Continue to lose ground


Market continue to lose ground after violated the underline support at Usc39.00. Overall technical landscape remains weak. Currently, we are looking for the immediate downside support at Usc38.50-38.00 followed by Usc37.50. To the upside, resistance is pegged at Usc39.00-39.50.