Get started
DCE Soybean Oil FuturesDCE Soybean Oil FuturesDCE Soybean Oil Futures

DCE Soybean Oil Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

FSOY1! trade ideas

Soybean Oil Futures (ZL1!), H1 Potential for Bearish ContinuatioType : Bearish Continuation Resistance: 83'30 Pivot: 82'45 Support : 79'93 Preferred case: With price expected to reverse off the resistance of the ichimoku cloud, we see a potential bearish continuation from our pivot level of 82'45 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 79'93 which is in line with the horizontal swing low support and 78.6% Fibonacci retracement. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 83'30 in line with 50% Fibonacci retracement and horizontal swing high resistance. Fundamentals: No major news.
CBOT:ZL1!Short
by Genesiv
Soybean Oil Futures (ZL1!), H1 Potential for Bearish ContinuatioType : Bearish Continuation Resistance: 83'13 Pivot: 81'56 Support : 79'99 Preferred case: With price expected to reverse off the resistance of the ichimoku cloud, we see a potential bearish continuation from our pivot level of 81'56 which is in line with 61.8% Fibonacci retracement and horizontal overlap resistance towards our 1st support level of 79'99 which is in line with the horizontal swing high resistance. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 83'13 in line with 38.2% Fibonacci retracement and horizontal pullback resistance. Fundamentals: No major news.
CBOT:ZL1!Short
by Genesiv
Soybean Oil Future (ZL1! ), H1 Potential for Bearish ContinuatioType : Bearish Continuation Resistance: 81.27 Pivot: 79.67 Support : 78.42 Preferred case: With price moving below the ichimoku cloud, we see a potential bearish continuation from our pivot level of 79.67 which is in line with 50% Fibonacci retracement towards our 1st support level of 78.42 which is in line with the horizontal swing low support. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 81.27 in line with 78.6% Fibonacci projection. Fundamentals: No major news.
CBOT:ZL1!Short
by Genesiv
Soyabeen Futures USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
CBOT:ZL1!
by Sunstorminvest
Soybean Oil Futures (ZL1!), H1 Potential for Bullish rise!Type: Bullish rise Resistance : 76.62 Pivot: 73.05 Support : 71.50 Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 76.62 in line with the swing high resistance from our pivot of 73.05 in line with the 38.2% Fibonacci retracement and the horizontal overlap support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 71.50 in line with the 61.8% Fibonacci retracement and the horizontal swing low support. Fundamentals: No major news.
CBOT:ZL1!Long
by Rockqet
Soyabeen Oil Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
CBOT:ZL2!
by Sunstorminvest
Soybean oil reversing?Soybean Oil -market reversed gains and closed lower on technical selling and profit taking after recent surged despite latest export soared -market likely to move lower if market stays below 62.50; target market range 60.00-62.50 -support level: S1 62.00 S2 61.39 S3 60.77 -resistance level: R1 63.00 R2 63.61 R3 64.23 -yesterday daily settlement: 62.58 mid: 63.71 strategy 1: Short if stay below 62.00 tg stop 62.61 tg exit 60.16-61.39 strategy 2: Long if stay above 64.50 tg stop 63.89 tg exit 65.11-66.34
CBOT:ZL1!
by happytrading96
Soybean Oil (Neutral so far)We can't be sure at this point that in the short term soy bean oil is going to continue to move up even though we had multiple 1h tests on a major 1D prior LH level from above.We can spot an ascending channel on the daily time frame, in which the price is near the top line. In the previous 2 occasions when the price reached this level it promptly corrected down to the lower line of the channel. The volume is also dcreasing on this occasion, looking more and more like a reversal. If however, we breakout of the top of the channel in the near term with a confident test from above, a potential Long trade is possible.
CBOT:ZLZ2021
by mordkovich199