Soyoil
[Soyoil] - Remain Ranging
InvestorsDoctor
Publish date: Tue, 02 Jan 2018, 02:01 PM
InvestorsDoctor
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2/1/2018
Soyoil Mar 18
yesterday close: 33.26 +0.55
Soyoil finished higher, back to above 33 after break a lower low on last week. USDA sales report show export figures in line with trade estimates, not much surprise. Later soyoil may open higher, tracking gains of FCPO & Dalian.
Hourly chart show a side way to lower trend, remains trade in range and wait for breakout.
Price level to watch out today:
Resistance 32.66 33.84
Support 32.52 32
Recommended trading plan today:
1. Buy 33.38, stop 33.18, profit 33.58.
2. Sell 33.18, stop 33.38, profit 32.98.
Margin Requirement
USD 797.50
Disclaimer: Idea sharing only, trade at your own risk
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