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Soyabean Oil

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Soyabean Oil might be worth investigating, seems to be breaking through an old resistance level.

In the longer term I am expecting the price to recover but right now the trend seems to be downwards. 

 

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Took a bad hit on Trump's weekend tweets so price very much tied to the US/China trade talks.

Daily chart;

1259843188_SoyabeanOil_20190506_13_18.thumb.png.1f6df5ce2d345281174724ac72646aa2.png

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What effect do you think that would have?

I see the US is a net importer of Soybean oil

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I suspect if there is no deal the US is going to be left with a lot of soybeans 🙂

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Aah, this could help the price of soybeans/products;

image.thumb.png.2db3a8d967ceafd7efd547ede0bfb0e4.png

 

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