Too much oil of all types has been weighing on soybean oil for months now. Right now the market favors being long meal short oil.
The PriceCounts shown above are provided through QT Info Systems.
The QT PriceCount Study is a technical indicator exclusive to QT Charts.What this exclusive study attempts to do is project the distance of a move in price. PriceCounts are not intended to be an "exact science" but rather offer a target for various objectives based off the first leg of a price move. Each chart will have the "initial leg" which sets up the PriceCount displayed as two parallel lines on the chart above.
A very popular free service I provide is called "Chart of the Day". I send these out to followers of this study for on a daily basis and yes, there are many days where more than oneChart of the Dayis sent out. I call those "bonus charts". You won't see all the charts here as I don't post them all. However, all are sent out via e-mail to our subscribers. In addition I can send you a PDF that explains in detail how you can setup and use PriceCounts in up and down trending markets.
To signup for yourFree Subscription to Chart of the Day.
Simply copy and paste the following link:
into your web browser and complete the form. You should start receiving PriceCount Charts the next business day or so.
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