Probable expanding diagonal patternPrice respects resistance at 35.79, hence, conforms probable expanding diagonal pattern whereby wave 5 is greater than wave 3. The rejection correlates with bearish market sentiment and reduced demand from China due to disastrous Coronavirus outbreak.Shortby ikramUpdated 5
5-0 Bearish Pattern For ZLHi there. This is what i found on ZL..... The price has reversed on the shark reversal level pattern which then formed 5-0 bearish pattern indicates the probability of continuation of price going downwards. Well, this is only 2cents from my analysis, please do your own research before deciding to long/sell. Trade at your own risk. All the best traders !Shortby zhafrihandsome3
Futures: Re-Entry was possible on RB With soybean meal still in swing trade mode (stop below prior days low) the other energy market provide two entry signals today: RB and CL Futures traded lower and bounced wednesday/thursdays POC for a low risk long re-entry play.Longby responsibletrad8r0
ZL1 (Y21.P1.E1).More highs to goHi Traders, Now that Soya Bean oil has broken the last bottom structure resistance with a strong daily momentem, then tthe next 3 targets are based on the fib level or fib extensions with 0.618 fib level being the main retracement resistance. Depending how it approaches the resistance level, will determine the next target or price action. How to trade this or find entry? Use the 8 or 12 hrly trend All the best, S.SAriLongby ssari2
ZL Long breakout entry Mid termEnter long on breakout 45,7 SL 43,6 PT 48,2 BE 46,55 Mid term risky trade, so BE would be fast moved RRR 1,27:1 CBOT:ZL1!Longby PatuldaUpdated 1
You cannot lose this Soybean Oil trade !!It is time to take a look into the weekly and monthly chart where a huge supply zone overlap. We have a monthly supply zone at 51.5 - 57.1 and a weekly supply zone at 51.5 - 52.7 which overlap at 51.6 - 53.6. They are both original zone so the probability of this short trade is to the moon. This is a very easy trade to take and I sure don't want to miss this chance. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! ~ Tuan Anh CommoShortby TheCommoTrader3
SOYAOIL-Ending diagonal in wave v) of ((X)) Expecting to 42.1 TPMarket Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE... Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP. I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS by nmkvijay112
SOYBEAN OIL Head and Shoulder pattern in the making at H4SOYBEAN OIL Head and Shoulder pattern in the making at H4Shortby reacttrdr0
SOYBEAN OIL NEXT WEEK SHORTSOYBEAN OIL - entered short - good risk/reward ratio. Close on Friday or at target price. Probability H.Shortby LEONESUpdated 1
SOYAOIL-It broke the high so continuation to Z) to 53 ?Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE... Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP. I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS by nmkvijay2
SOYAOIL-Expecting a fall to 40.50 for 4th wave and then to 44.5Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE... Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP. I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS by nmkvijay2
CME CBOT:ZL Soybean Oil : BUY the Dip, Target : 41.58 (+33.27%)Soybean Oil Futures (CME CBOT: ZL) : Trade : BUY the Dip Entry : 31.2 Target : 41.58 (+33.27%) Stop : 28.53 (-8.56%) Note: Soybeans futures are showing menaingful movement. I think it's time to pay attention to soybean oil futures. Key price is 34.16. When they secure that price line, it will be a sign that they are out of the bottom and will rise one notch higher. Important prices are 28.53, 34.16 and 41.58. If the market is strong enough, they could rise up to 52.80. As 34.16 is a strong resistance, they will fluctuate soon. There will be opportunities to buy at a lower price.Longby PtradeUpdated 115
Soybean Oil - Double Bottom BreakoutPrice breakout 6 years double bottom range 38.35. As long as price sustain above 38.35, the formation is eyeing 51.20 and remain valid. Longby Johnkiew10
Soybean Oil 50% retrace - Great entry levelVegOil's are still fundamentally bullish, Energy and Industrial have also been trending up. Wanting to be on the Long Side this is as good as it gets for entry.Longby ElReyChristopheUpdated 332
Soybean Oil Christmas CorrectionAs the year closes, Soybean Oil is indicating a correction is due. Next year we will know if its a reversal or not but for now I'm shorting it here with a SL of $39.50 and I'm aiming for $34.00 as a target. I'm returning next year to drop more gems for my loyal followers. Soybeal Oil Trade I'm short at 38.56 SL 39.50 TP 34.00 Have a great and safe holidays.Shortby UnknownUnicorn1299022Updated 552
Soybean Oil-Breaking OutSoybean Oil is attempting to breakout of a possible flag this morning. $ZL_Fby ianculley1