Soyaoil resdy for upside breakout buy on dip near support How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early
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Unlocking Opportunity: Soybean Oil's Reversal Sparks InterestSoybean Oil Futures Analysis:
Current Price: $52.71
Soybean oil has consistently been an appealing asset, having traded near the year's high just six months ago. Recently, the commodity experienced a notable downtrend, dropping from $64.80 to $48.01. However, a modest upward movement is now obs
SOYAOIL-We are in the wave 3) still 4) and 5) to go...Dear friends,
Don't follow me blindly...what i am sharing here, is my knowledge not signals
I am sharing my view through Elliott waves from past 4 yrs....i learned tons and tons here and market taught me lot and still teaching and i am listening to the market...and i am getting a lot of PM's regar
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Soybean Oil Futures is 54.10 USX / LBR — it has fallen −1.15% in the past 24 hours. Watch Soybean Oil Futures price in more detail on the chart.
The volume of Soybean Oil Futures is 3.96 K. Track more important stats on the Soybean Oil Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Soybean Oil Futures this number is 264.63 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Soybean Oil Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Soybean Oil Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Soybean Oil Futures technicals for a more comprehensive analysis.