With soybean meal still in swing trade mode (stop below prior days low) the other energy market provide two entry signals today: RB and CL Futures traded lower and bounced wednesday/thursdays POC for a low risk long re-entry play.
Hi Traders, Now that Soya Bean oil has broken the last bottom structure resistance with a strong daily momentem, then tthe next 3 targets are based on the fib level or fib extensions with 0.618 fib level being the main retracement resistance. Depending how it approaches the resistance level, will determine the next target or price action. How to trade this or...
Enter long on breakout 45,7 SL 43,6 PT 48,2 BE 46,55 Mid term risky trade, so BE would be fast moved RRR 1,27:1 CBOT:ZL1!
It is time to take a look into the weekly and monthly chart where a huge supply zone overlap. We have a monthly supply zone at 51.5 - 57.1 and a weekly supply zone at 51.5 - 52.7 which overlap at 51.6 - 53.6. They are both original zone so the probability of this short trade is to the moon. This is a very easy trade to take and I sure don't want to miss this...
Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the...
SOYBEAN OIL Head and Shoulder pattern in the making at H4
SOYBEAN OIL - entered short - good risk/reward ratio. Close on Friday or at target price. Probability H.
Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the...
please refer chart
Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the...
Soybean Oil Futures (CME CBOT: ZL) : Trade : BUY the Dip Entry : 31.2 Target : 41.58 (+33.27%) Stop : 28.53 (-8.56%) Note: Soybeans futures are showing menaingful movement. I think it's time to pay attention to soybean oil futures. Key price is 34.16. When they secure that price line, it will be a sign that they are out of the bottom and will rise one notch...
Looks like the time to SHORT Soybean Oil Good luck to all
Price breakout 6 years double bottom range 38.35. As long as price sustain above 38.35, the formation is eyeing 51.20 and remain valid.