Soybean Oil Next In Line

There is some analog history for a bull trend in Soybean Oil to follow a bull market in Soybean Meal by six to 12 months. I would define the Apr-Jun 2016 advance in Meal to be a bull market. The H&S forming on the weekly Soybean Oil graph is my current favorite developing pattern.

Factor is long Soybean Oil with a decided interest to extend leverage. This market has the potential to be a 1000 basis point trade.

Soybean Oil Next In Line

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