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CODY

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Posts posted by CODY


  1. 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. 

     


  2. This is interesting.

    My interpretation of the COT data would suggest a continuation of this downward trend, as would a few technical indicators. 

    I'm not too sure about the markets seasonal patterns or fundamentals, but after 5 minutes on Google found the following from a February US Department of Agriculture Citrus markets report;

    Global orange production for 2018/19 is forecast to expand 4.2 million metric tons (tons) from the previous year to 51.8 million as favorable weather leads to larger crops in Brazil and the United States.

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