Soybeans to be flipped in the weekly pan!We have entered into acceptance with a previous range's value and also got rejected into its POC. Up next is the VAL as the support
Presented are two setups. 7.17 short and 7.09 long.
Soybean Oil : A potential bull phasePrice retreated 0.786% of the entire bull run and confluence with wave C supporting at 0.618 of wave A presents a call for closer scrutiny. The upswing displayed a 5 wave overlapping sequence which can be interpreted as a leading diagonal wave 1. Implication is highly probable bullish.
A third
Soybean Oil - 50 years chart, what do you see?Let's look at Fibonacci levels. The attached chart, on a logarithmic scale, spans over 50 years - that's huge! The market just bounced from the 61.8% level, confirming that the bulls are still alive. Let's switch to a lower timeframe in the next post to see if anything interesting is happening there
Soybean Oil - ultra big pictureSoybean Oil:
- 1970-1974: Prices rose from $8.6 to $48 = ~ 450% increase
- 1974-2000: Sideways movement between $15-$40
- 2000-2008: Bull market, prices surged from $15 to $70 = ~ 350% increase
- 2008-2020: Retracement to $25
- 2020-2022: Another bull market, prices went up from $25 to $
Soybean Oil // bearish expansion phaseAll 3 major timeframes (MN, W, D) are bearish, and the market is in a short expansion phase.
The idea is valid while the daily is waving south.
GoldMonday I talked about a number of markets here but I focused on the gold market because it took a $9000 reversal lower. this really is not a big deal but there are ways that you can spend your time efficiently make trade decisions that will be beneficial for you..... in this particular case i
Soybean oil Sunday night review . the market looked like it was going higher for a while but it did almost a complete reversal of the Swing we were looking at last week so that's what we were looking for in the video.
Soybean Oil’s Red Pill Moment: The Short Signal Just Hit"You’ve been waiting, watching, wondering when the veil would lift. Today is that day."
Soybean oil just crossed a threshold, one that turns theory into action. This isn't just a hint anymore; it’s a red pill moment. Today, we got the confirmation we needed: a Daily bearish momentum divergence trig
Soybean Oil : Are we in a wave 3 of 3 of 3???Looking closer at the smaller structure, it appears very excitably bullish. The upside potential is highly probable. An impulsive push should validate the 3 of 3 of 3. Technical indicators are supportive too.
Soybean oil10.25.24 soybean oil is trading in a Range box but the general pattern looks as if it's going to make newer highs despite a two-bar reversal at the time of this video that suggests that the Market's going to go a little bit lower first.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Soybean Oil Futures is 39.88 USX / LBR — it has fallen −1.34% in the past 24 hours. Watch Soybean Oil Futures price in more detail on the chart.
The volume of Soybean Oil Futures is 72.72 K. Track more important stats on the Soybean Oil Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Soybean Oil Futures this number is 243.21 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Soybean Oil Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Soybean Oil Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Soybean Oil Futures technicals for a more comprehensive analysis.