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Soybean Oil FuturesSS

Soybean Oil Futures

54.37USX / LBRD
−0.74−1.34%
As of today at 07:17 GMT
USX / LBR
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ZL1! trade ideas

ZSN21-ZSK21The second good looking bear spread in soybeans complex. If you consider to trade both, i would either recomend to allocate your position between both 2 or just trade 1 on them. They tend to behave similliar, so it is not wise to trade correlated assets and manage them as 2 standalone trades. This soybeans oil spread is much less risky. Historical lowest prices were arround -0,2 which is about 150$ from current prices. That could be manage as position trade and do not put SL in to the market. But i strongly recommend everytone use SL. RRR is again over 2,2:1, which give us more chances to stay profitable even if my probability is below 50%. Since you follow all my trades, the probability is between 60-70%, but stay focused and trade on your own risk. This trade seems good even for people with smaller account. In the graph you can see marked SL below the recent low. It is a logical place where to put SL, if you do so. Good luck to everyone
CLong
by Martomin