Soyoil
[Soyoil Futures] - Price Chart Signalling Correction Ahead
InvestorsDoctor
Publish date: Mon, 08 Jan 2018, 02:42 PM
InvestorsDoctor
0 1,969
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8/1/2018
Soyoil Mar 18
yesterday close: 33.76 -0.11
Soyoil fell near market close on last week, erased its gain of above 34, as dragged down by weaker than expected export sales report.
Hourly chart show RSI & MACD trending lower, signaled that soyoil in correction but overall remain in rebound stage.
Price level to watch out today:
Resistance 34.10 34.68
Support 33.68 33.19
Recommended trading plan today:
1. Buy 33.84, stop 33.69, profit 34.04.
2. look for sell signal if break below 33.68
Margin Requirement
USD 660
Disclaimer: Idea sharing only, trade at your own risk
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[Soyoil] - Significant Breakout, Price Targeting higher region
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