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It looks so poor. I think it was the first green day in a week or so today. But it struggled.. Hope for better days in eligble oil market. Palm oil is at the bottom, too
Angela Lim It broke first support at 31,52. Now it´s testing 13,36. If it fails, we have a long ride south. But basic, I don´t understand, why we are here ? Alone soyprices should be enough to be above 33. I guees it´s a arbitrage question
31,36 of course... But funny part of trading soybean oil is, that every time a support holds - it goes direct to test first resistance. Now wait & see 32,22 if we end up green today
Bharat Sharma Have no timeframe. Just a conclusion. It´s used to be adjusted during 3 months- So far bean oil has been under water for several months. Up in Asia - drop in US. Every single day. No respond to oil, soybean, USD or other grains. Really strange action
It´s hopeless. Drops with soya, but not the other way around. Drops with oil, but not the other way around. Used to gain in Asia trade, but this over now.
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