CJS Oilseeds Monday Tech Magik

Oilseeds Report

All the pullbacks REMAIN buying opportunities, as $15.84 should provide massive support.

I would use a move to sub $16.00 to get long in size as this rodeo is far from over!

The 240 min chart is clearly busy making a correction and based on its current formation we could be headed to $15.75.

A move of this nature would be considered a massive buying opportunity and I would even look at buying here downscale.

Well done to all the long position holders who took profit last week!!!!!!!

Currently I am happy to sit out of this market for now.

Based on the current formation this chart could come down significantly before heading higher, hence we are happy to wait.

There remains no reason to sell this chart but a pullback appears to be well on the cards.

We are waiting for buying opportunities over the next week or two.

Technically I am very confused and will be happy to sit on the side line until further notice.

This chart has printed our targets and right now I am struggling to find a decent view!

I would now advise taking your cash and keeping it, while letting the market play out for a good few weeks.

This market looks corrective and the oscillator is pretty low and hence we now waiting to buy sub $428!