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Soybean Oil FuturesSS

Soybean Oil Futures

55.84USX / LBRD
+0.45+0.81%
At close at 18:19 GMT
USX / LBR
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ZL1! trade ideas

SOYBEAN OIL FUTURES (MAR 2019), 1D, CBOTTrading Signal Short Position (EP) : 30.62 Stop Loss (SL) : 30.91 Take Profit (TP) : 30.04 Description ZSH2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (30.62) and place stop after 0.618 level (30.91). Once the position was hit, place take profit before an agreement (30.04) Money Management Money in portfolio : $1,000,000 Risk Management (1%) : $10,000 Position Sizing $0.01 = +-$ 6.00/std-contract Commission fee = -$5.64/contract (Standard) EP to SL = $0.29 = -$174 Contract size to open = 57 standard contracts EP to TP = $0.58 = +$348 Expected Result Commission Fee = -$321.48 Loss = -$9,918 Gain = +$19,836 Risk/Reward Ratio = 1.91
CShort
by SuppasitWechprasit
SOYBEAN OIL FUTURES (MAR 2019), 1D, CBOTTrading Signal Short Position (EP) : 28.8 Stop Loss (SL) : 29.08 Take Profit (TP) : 28.24 Description ZLH2019 formed Turtle Soup Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (28.8) and place stop after 0.618 level (29.08). Once the position was hit, place take profit before an agreement (28.24) Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $0.01 = +-$ 6.00/std-contract Commission fee = -$5.64/contract (Standard) EP to SL = $0.28 = -$168 Contract size to open = 16 standard contracts EP to TP = $0.56 = +$336 Expected Result Commission Fee = -$90.24 Loss = -$2,688 Gain = +$5,376 Risk/Reward Ratio = 1.9
CShort
by SuppasitWechprasit
Targest hit. Wait for confirmation on breakout points.Both TP = 30.14 and 29.44 hit as the previous bearish Channel aggressively broke earlier and met the targets much earlier than I expected. Soybean Oil has now entered a new Channel Down on 1D, which is coming off a Lower High (hence Highs/Lows = 0, RSI = 51.334). We now need to wait for confirmation from the two break-out points (illustrated by the circles). If the upper point breaks then we will go long (TP = 28.99 and 29.44). If the lower point breaks then we will go short (TP = 26.51).
C
by InvestingScope
SOYBEAN OIL FUTURES, 1D, CBOTTrading Signal Short Position (EP) : 28.72 Stop Loss (SL) : 28.98 Take Profit (TP) : 27.92, 27.43 Description ZL formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (28.72) and place stop after 0.618 level (28.98). Once the position was hit, place take profit before an agreement (27.92) and 27.43 Money Management Money in portfolio : $150000 Risk Management (1%) : $1500 Position Sizing $0.01 = +-$ 6.00 (Standard) Commission fee = -$2.82/contract (Standard) EP to SL = $0.26 = -$156/contract (STD) Contract size to open = 9 standard contracts EP to TP#1 = $0.8 = +$480 (STD) EP to TP#2 = $1.29 = +$774 (STD) Expected Result Commission Fee = -$50.76 Loss = -$1404 Gain#1 = +$2400 Gain#2 = +$3096 Total Gain = +$5496 Risk/Reward Ratio = 3.78
CShort
by Fast9
Soybean Oil (ZL): Monthly EW CountIt is already 10 years since commodities super cycle took commodity markets to the all time high and soybean oil (ZL) market has been in the corrective period ever since. In a monthly chart, we could see that the correction of larger degree takes in the form of flat correction (3-3-5). As far as supply and demand (SnD) is concerned, there are 2 demand zones of interests 1. demand zone #1 (23.46 - 25.34) 2. demand zone #2 (18.83 - 20.84) Technically, wave (3) of V of C is currently developing and could extend its tail to 24.00 level or below. With the trade war between the USA and China is on the brink of being fully developed, the market dipping to the 19.00 level is not really a far fetched projection.
C
by eches
2