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CBoT beanoil maintain short

CBoT beanoil maintain short

Beanoil:
Price has been moving sideways longer that we would have thought and liked which made us think that we might have to get back to the drawing board. Last Friday's session gave a very strong move to the downside with a higher high but a lower close that the 2 previous sessions which makes it a 'double key reversal' which is a very powerful reversal pattern. We keep our bear bias unchanged.