mikebiz
Long

Soybean Oil providing opportunity to enter up move

CBOT:BO1!   SOYBEAN OIL FUTURES
The up move that has begun in Soybean             Oil             has paused briefly giving an opportunity to get in to upside. Both the weekly and daily chart are bullish while the 4H and 1H look to be completing a corrective move.

On the Daily chart , a green bar close above the current red retrace line should signal that the up trend is continuing.


On the 4H and 1H chart, a more aggressive position may be taken when the ADX on both turn positive with the +DMI moving above -DMI and up through 20 along with an up move in price. This should coincide with other indicators (slow stoch , TSI and RSI ) turning positive.


EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out