We’re stopped out of the Soybeans at break even (12.62).

The Brent /WTI spread has been one of the biggest commodity trades over the past 2 years.

Parity ( When they are both the same price) in the spread is the 2/3rds Fibonacci retrace from 1998 low to the 2012 high.

Shorter term RSI’s are very oversold.

The most I’d look for on an over shoot is the WTI trading 80-90 cents over the Brent. This is the area we’re looking to match up with a potential high in the WTI.