Soyoil
[Soyoil] - Range Breakup, Looking for Buy Entry
InvestorsDoctor
Publish date: Fri, 05 Jan 2018, 02:41 PM
InvestorsDoctor
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5/1/2018
Soyoil Mar 18
yesterday close: 33.87 -0.03
Soyoil not much changes yesterday, as market waiting for USDA report, but once eased to 33.70 and rebound. This morning break above 34 to trigger further rebound signal.
Hourly chart show soyoil formed another higher high & low while technical indicators show rebound signal.
Price level to watch out today:
Resistance 34.68
Support 33.84 33.68
Recommended trading plan today:
1. Buy 34.06, stop 33.81, profit 34.31 or above
Margin Requirement
USD 660
Disclaimer: Idea sharing only, trade at your own risk
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