May Bean Oil – target 51.45 ??

bean oilBean Oil (May futures) appear to be forming a ‘W’ pattern as the embedded image shows.

If this pattern is to hold and follow through to completion, point D projects to the 51.45 level.

There is still room to work this trade. I am looking at some option strategies…..

Also on the embdedded chart you will see some green stars. These denote aspects of heliocentric Mercury and Pluto. Note the very good correlation to swings in price. for those who are using my 2013 Astro Calendar, look ahead and spot the next aspect in April and use that date as part of your trading strategy.

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