Sentiment was boosted by bullish stock mkt. Even so, mkt only made strong run in the PM session after soyoil played catch up.
The mkt headed towards year high lvls but failed to create a fresh high. Profit take at higher end took place probably due it recent accumulated "premium". In US term, fcpo outperforms soyoil by 3% so far this mth
While off highs, May10 closing above 2700 is bullish sign, encouraging another attempt at 2626 before heading straight to 2800, technically speaking. Sustainability will become an issue though if soyoil does not catch up
Above 2700 is a buy mkt.
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