Soyoil
[Soyoil] - Significant Breakout, Price Targeting higher region
InvestorsDoctor
Publish date: Thu, 04 Jan 2018, 02:41 PM
InvestorsDoctor
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4/1/2018
Soyoil Mar 18
yesterday close: 33.9 +0.35
Soyoil breakout from its side way range and settled higher yesterday, tracking strength of CPO and rise in crude oil.
Hourly chart show soyoil continues its breakout rebound with possible RSI overbought correction in near term, too with MACD crossing down but soyoil trending higher, formed a divergence.
Price level to watch out today:
Resistance 34.68
Support 33.68 33.19
Recommended trading plan today:
1. Buy 33.97, stop 33.8, profit 34.17 or above
Margin Requirement
USD 660
Disclaimer: Idea sharing only, trade at your own risk
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