TMV Swing Trade report – Short March Soybean oil @ 56.35 – Hit the target! Bean oil traded to a low of 53.31, to close the short position at the 53.35 target objective. From this juncture, I look for Bean oil to bounce off the lower parallel support line and begin to form a new reaction swing pattern. This will provide a new selling opportunity. I will continue to follow this market, as well as other grain markets, for new opportunities. I will post any new recommendations in the Trades Market Views Swing Trading Report.
