Soyoil
[Soyoil Futures] - Range Bound Market
InvestorsDoctor
Publish date: Tue, 09 Jan 2018, 03:25 PM
InvestorsDoctor
0 1,969
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9/1/2018
Soyoil Mar 18
yesterday close: 33.54 -0.22
Soyoil weakened on yesterday as pressured by some profit taking ahead of crop data this week.
Hourly chart show RSI & MACD still trending lower, candles pull back from breakout to previous side way range, signaled that soyoil may resume its sideway to lower trend.
Price level to watch out today:
Resistance 33.88 34.10
Support 33.29 32.80
Recommended trading plan today:
1. Buy 33.64 for a rebound, stop 33.52, profit 33.84.
2. look for sell signal if break below 33.29
Margin Requirement
USD 660
Disclaimer: Idea sharing only, trade at your own risk
To get more information on local and foreign futures markets, join us on telegram & Facebook.
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