The Soybean Oil continuation chart appears to be at a critical support level. A close below 54 will likely send this market tumbling. I am short the May contract which is right at the 200 DMA. A close below 54 will flash another sell signal for me. I will possibly double my short position. I generally do not like to open large positions in December. The lack of liquidity brings choppy markets. A post will follow if I decided to pyramid this trade.
