Buy Bean oil @ Market- 1st TP 84.72, Stop @78.90Buy Bean oil @ Market- 1st TP 84.72, Stop @78.90
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future results**
hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve fina
ncial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
FSOY1! trade ideas
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
Soybean Oil Futures (ZL1!), H1 Potential for Bearish ContinuatioType : Bearish Continuation
Resistance: 85'46
Pivot: 83'76
Support : 82'04
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 83'76 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 82'04 which is in line with the horizontal pullback support and 38.2% Fibonacci retracement .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 85'46 in line with 50% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
Soybean Oil Futures (ZL1!), H1 Potential for Bearish ContinuatioType : Bearish Continuation
Resistance: 85'46
Pivot: 83'76
Support : 82'04
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 83'76 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 82'04 which is in line with the horizontal pullback support and 38.2% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 85'46 in line with 50% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
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.
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.
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.
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
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.
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
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
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.