BO has moved lower today eyeing the 20 day MA and pivot at 28.52. RSI falling and Stochastic RSI has crossed over from high levels. If pivot holds increase move up to 29.95. Move under the 20 day MA and pivot would possibly send markets to S1 at 27.63. Overall market is in a downtrend.
Commento:
Looks like Bean Oil is locked between R2 at 29.95 and pivot at 28.52. Might be trying to do a three drives. Bean Oil has created a double top Monday. Pivot needs to break and stay under if it crashes back to S2 at 27.09
Commento:
Bean Oil continues to map out three drives
Commento:
Bean Oil continues to drop headed for S1 at 27.63
Commento:
Another bear flag for bean oil this morning.