Remko

CBoT beanoil

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CBOT:ZLZ2016   Soybean Oil Futures (Dec 2016)
Beanoil:
Nothing new from this chart this week. Price traded to mildly higher levels during the past week and has reached its support level within the descending price channel. There could be a bit of overshoot to the upside from here but we expect price to reverse resume the downtrend during the coming week.

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