Ethylene Sinks into the 15 cts/pound Support Area

Ethylene MBEc1 future contract is now tanking into the 0.15 US$/ pound support area. 

The MBEc1 contract looks very oversold, so a possible bounce is likely to happen, but obviously a visit into that 15 cts. support area is anything but a bullish situation.

Charts and data Provided by MetaStock and EIKON-Thomson Reuters, alerts provided by e-globalTrading