Soybean Oil - ultra big picture
Soybean Oil:
- 1970-1974: Prices rose from $8.6 to $48 = ~450% increase
- 1974-2000: Sideways movement between $15-$40
- 2000-2008: Bull market, prices surged from $15 to $70 = ~350% increase
- 2008-2020: Retracement to $25
- 2020-2022: Another bull market, prices went up from $25 to $87 = ~250% increase
- 2022-2024: Retracement to $38
But has the retracement ended? You never know, but at some point, it will, and current price levels are quite interesting. Check the next message for more
- 1970-1974: Prices rose from $8.6 to $48 = ~450% increase
- 1974-2000: Sideways movement between $15-$40
- 2000-2008: Bull market, prices surged from $15 to $70 = ~350% increase
- 2008-2020: Retracement to $25
- 2020-2022: Another bull market, prices went up from $25 to $87 = ~250% increase
- 2022-2024: Retracement to $38
But has the retracement ended? You never know, but at some point, it will, and current price levels are quite interesting. Check the next message for more
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.