SOYBEAN OIL (DEC) 09/10/2010
The upside crossover of the 9 and 18 bar moving average is a positive signal. Momentum studies are rising from mid-range, which could accelerate a move higher if resistance levels are penetrated. 
A positive signal for trend short-term was given on a close over the 9-bar moving average. The market tilt is slightly negative with the close under the pivot. The near-term upside target is at 42.30. 
The next area of resistance is around 42.00 and 42.30, while 1st support hits today at 41.18 and below there at 40.65.
SOYBEAN OIL IS ON UPTREND
CPO REKOMEN
BUY ON WEAKNESS
The upside crossover of the 9 and 18 bar moving average is a positive signal. Momentum studies are rising from mid-range, which could accelerate a move higher if resistance levels are penetrated. A positive signal for trend short-term was given on a close over the 9-bar moving average. The market tilt is slightly negative with the close under the pivot. The near-term upside target is at 42.30. The next area of resistance is around 42.00 and 42.30, while 1st support hits today at 41.18 and below there at 40.65.SOYBEAN OIL IS ON UPTREND
CPO REKOMEN
BUY ON WEAKNESS
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