Скачать или смотреть Soybean Oil Futures Update | October 8, 2024 | Klarenbach Research

Last year, we identified a potential head and shoulders pattern on the weekly chart, which has since completed, indicating a continued downtrend.

I discuss key levels of interest, including $43 as a critical support level—if prices break below that, I anticipate a move down to $30.

As always, we must follow the trend and remain cautious, with the 50-week and 200-week moving averages pointing to bearish momentum.

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Chapters
0:00 Introduction
0:20 $ZL1! - Weekly
0:43 Measured Move Target
1:11 50-Week Moving Avg.
1:17 200-Week Moving Avg.
1:57 $ZL1! - Daily
2:20 Anchored VWAP
2:48 Conclusion

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Klarenbach Research | Trent Klarenbach