SOYBEAN OIL - Support and Resistance (SNR) - 15/04/2021Soybean Oil.
Support and Resistance (SNR).
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
ZL1! trade ideas
SOYBEAN OIL - Support and Resistance (SNR) - 14/04/2021Soybean Oil.
Support and Resistance (SNR).
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
SOYBEAN OIL - Support and Resistance (SNR) - 13/04/2021Soybean Oil.
Support and Resistance (SNR).
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
SOYBEAN OIL - Support and Resistance (SNR) - 12/04/2021Soybean Oil.
Support and Resistance (SNR).
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
SOYBEAN OIL is forming HnS & Deep Crab pattern at H1 SOYBEAN OIL is forming HnS & Deep Crab pattern at H1
SOYBEAN OIL - Support and Resistance (SNR) - 09/04/2021Soybean Oil.
Support and Resistance (SNR).
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
SOYBEAN OIL - Support and Resistance (SNR) - 08/04/2021Soybean Oil.
Support and Resistance (SNR).
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
SOYBEAN OIL - Support and Resistance (SNR) - 07/04/2021Soybean Oil.
Support and Resistance (SNR).
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
SOYBEAN OIL - Support and Resistance (SNR) - 06/04/2021Soybean Oil.
Support and Resistance (SNR).
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
ZLN2021-ZLZ2021 : Seasonality on soybean oilFor the third time in this seasonal window, we enter short and try to take advantage of this trend in which seasonally from the beginning to the end of the season 15 years out of 15, this spread has been in profit with small drawdowns.
www.seasonalgo.com
SOYBEAN OIL - Support and Resistance (SNR) - 31/03/2021Soybean Oil - Support and Resistance ( SNR ).
TF 15 minutes.
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
SOYBEAN OIL - Support and Resistance (SNR) on 30/03/2021 Soybean Oil.
Support and Resistance (SNR).
Kampung Style.
Valid on the said date only.
Enjoy and feel it.
Hopefully, it's useful.
This is for study and educational purposes only.
Vegetable oils / Soybean oil bullish outlookSeveral macro drivers from both supply/demand perspective pushing the price up: larger market share of renewables in the energy sector and inflated prices by central bank stimulus all around the world. Dublin, March 02, 2021 (GLOBE NEWSWIRE) : "The global Vegetable Oil Market is anticipated to grow to US$ 299.18 Billion by 2027. It is expected to grow with a CAGR of 3.30% from 2020 to 2027."
On RB CL an ZL futures the buy above prior days high worksToday was another entry possible on ZL, as the RSI was below 70
Probable expanding diagonal patternPrice respects resistance at 35.79, hence, conforms probable expanding diagonal pattern whereby wave 5 is greater than wave 3.
The rejection correlates with bearish market sentiment and reduced demand from China due to disastrous Coronavirus outbreak.
5-0 Bearish Pattern For ZLHi there. This is what i found on ZL.....
The price has reversed on the shark reversal level pattern which then formed 5-0 bearish pattern indicates the probability of continuation of price going downwards.
Well, this is only 2cents from my analysis, please do your own research before deciding to long/sell.
Trade at your own risk.
All the best traders !
Futures: Re-Entry was possible on RB 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.
ZL1 (Y21.P1.E1).More highs to goHi 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 find entry?
Use the 8 or 12 hrly trend
All the best,
S.SAri
ZL Long breakout entry Mid termEnter 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!
You cannot lose this Soybean Oil trade !!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 chance.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
~ Tuan Anh Commo
