The USD may be weaker, but it does mean that its bad. Because a softer USD, some assets are starting to trend higher. We will do a comparison between the USD and some of these assets or commodities, to see how reactive they are when the USD has trended lower in the recent months. Soybean Oil Futures & Options Ticker: ZL Minimum fluctuation: 1/100 of one cent...
Title: Soybean Oil Futures ( ZL1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 64.60 Pivot: 61.66 Support: 59.90 Preferred case: Looking at the H4 chart, my overall bias for ZL1!is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 61.66, where the overlap...
Soybean oil futures closed last session on a long established support level and down fib extension. With crude climbing back up and after today's sell off this is likely to pop when the market re-opens.
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!
Soybean Oil is attempting to breakout of a possible flag this morning. $ZL_F
Hi friends, small leg down = c of 4 then up for wave 5 do not forget to follow me ^^
Clear over under pattern on the Weekly. Weekly closing strong-bullish in 1day+ Look to buy after weekly candle close with a Target of the supply overhead.
SBO will going down more and then rebound back..
For ZL1! My Expectation is going up cuz the price respect the ORANGE level also if the price beak the 25.65 this will confirm this expectation
The SOY BEAN OIL, symbol ZL, is in a Bear Market Rally with price trading above the 50 week ema, but the 50 ema below the 200 and 800 week emas. The 50 and 200 emas are starting to turn up, so price is starting to come out of accumulation / distribution. The price action appears to be finishing up the c-wave of a c-wave up, within a multi-year x-wave. This last...
Increase of 17 percent since start of December. Volatility is coming back for soybean oil futures. I would like to wish all of traders a happy new year and happy trading in year of 2020. Find a method that suit your personality. Feel free to message if you have any difficulties in trading.
Both TP = 30.14 and 29.44 hit as the previous bearish Channel aggressively broke earlier and met the targets much earlier than I expected. Soybean Oil has now entered a new Channel Down on 1D, which is coming off a Lower High (hence Highs/Lows = 0, RSI = 51.334). We now need to wait for confirmation from the two break-out points (illustrated by the circles). If...
Look forward for gain starts in early April