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DCE Soybean Oil Futures

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FSOY1! trade ideas

SOYBEAN OIL FUTURES, 1D, CBOTTrading Signal Short Position (EP) : 28.72 Stop Loss (SL) : 28.98 Take Profit (TP) : 27.92, 27.43 Description ZL formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (28.72) and place stop after 0.618 level (28.98). Once the position was hit, place take profit before an agreement (27.92) and 27.43 Money Management Money in portfolio : $150000 Risk Management (1%) : $1500 Position Sizing $0.01 = +-$ 6.00 (Standard) Commission fee = -$2.82/contract (Standard) EP to SL = $0.26 = -$156/contract (STD) Contract size to open = 9 standard contracts EP to TP#1 = $0.8 = +$480 (STD) EP to TP#2 = $1.29 = +$774 (STD) Expected Result Commission Fee = -$50.76 Loss = -$1404 Gain#1 = +$2400 Gain#2 = +$3096 Total Gain = +$5496 Risk/Reward Ratio = 3.78
CBOT:ZLZ2018Short
by Fast9
Soybean Oil (ZL): Monthly EW CountIt is already 10 years since commodities super cycle took commodity markets to the all time high and soybean oil (ZL) market has been in the corrective period ever since. In a monthly chart, we could see that the correction of larger degree takes in the form of flat correction (3-3-5). As far as supply and demand (SnD) is concerned, there are 2 demand zones of interests 1. demand zone #1 (23.46 - 25.34) 2. demand zone #2 (18.83 - 20.84) Technically, wave (3) of V of C is currently developing and could extend its tail to 24.00 level or below. With the trade war between the USA and China is on the brink of being fully developed, the market dipping to the 19.00 level is not really a far fetched projection.
CBOT:ZL1!
by eches
2
CBoT beanoil weeklyThe weekly continuation char shows an ascending price channel of which the lower boundary started at around 25.00/26.00 during August/September 2015 and offered support to price during July/August 2016 at around the 30.00 level as well as during the past 2 weeks at around the 32.50 level. Price has been bouncing up from this supportive trend line which we expected it to now again. Quite significant is the fact that last week’s candle is a so-called ‘Double Key Reversal’ which means that price made a lower low than the preceding week but closed higher than the 2 preceding weeks. A ‘Double Key Reversal’ is a very reliable and strong bode that price will make an immediate reversal which, in this case, is to the upside. Unless proven the contrary, there is no reason to doubt that price is on the way up from here with, roughly, the 40.00 level as price target. Price could, however, make a minor pull-back first during the coming week which is shown in the daily chart.
CBOT:ZL1!Long
by Remko