Soyoil currently trading at sideway market with strong resistance and support at shaded region. Stochastic crossover further confirm the sideway movement. 1st target price is located at blue line while 2nd target price is at support region.
Yesterday soybean oil breakout from sideway with momentum and closed above the blue line. Expecting more upside from this commodity.
Crude oil downtrend continue if able to break below last Friday low (43.75).
If crude oil price able to break below 44.51, this will further confirm the trend reversal of crude oil. SHORT below 44.51
Gold is trading within the channel. When stochastic reach overbought region, its a opportunity to short. Stop Loss above 1227.5
Gold possible form the double bottom at the shaded area. If this level able to sustain well, then traders are encourage to go long with stop loss below 1214.
Crude Oil is heading towards the shaded area around $49 - $50.
Few hours ago, WTI crude broken it up trend line. High possibility that the crude oil trend will change to sideways/downtrends. Long traders need to take care of their positions.
Price move higher however stochastic value is dropping. Opportunity to short with Stop Loss above 1228.4