{"id":24511,"date":"2023-03-30T07:32:18","date_gmt":"2023-03-30T07:32:18","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/stalking-a-move-on-soybean-oil\/"},"modified":"2023-06-29T20:39:28","modified_gmt":"2023-06-29T20:39:28","slug":"stalking-a-move-on-soybean-oil","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/fr\/stalking-a-move-on-soybean-oil\/","title":{"rendered":"Stalking a Move on Soybean Oil: Strategies for Traders"},"content":{"rendered":"\n<p>Good morning Traders!<\/p>\n\n\n\n<p>It\u2019s rare to see a market where the trend on all the higher timeframes is in agreement. <a href=\"https:\/\/www.fxglobe.com\/soybean-oil-retracement\/\" data-type=\"post\" data-id=\"27355\">Soybean Oil<\/a> is currently showing a downtrend on the Daily, Weekly and the Monthly timeframes.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Soybean-Oil-D-1024x458.png\" alt=\"\" class=\"wp-image-11559\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.fxglobe.com\/gbpusd-at-four-weeks-high\/\" data-type=\"post\" data-id=\"29635\">Currently the market<\/a> is in the process of pulling back, after printing another Lower Low, which, once again, is a Lower Low on the Daily, Weekly and the Monthly charts.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Soybean-Oil-W-1024x459.png\" alt=\"\" class=\"wp-image-11569\"\/><\/figure>\n\n\n\n<p>With a careful examination of the Monthly chart, we can see that the market has come very close to the last Higher Low, but got stopped just shy of the Low. As this is an area which from there, buyers previously pushed to a Higher High, I\u2019d expect some buying momentum to return to the <a href=\"https:\/\/www.quantifiedstrategies.com\/soybean-trading-strategy\/\">market<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Soybean-Oil-M-1024x460.png\" alt=\"\" class=\"wp-image-11563\"\/><\/figure>\n\n\n\n<p>For short timeframe setups I\u2019ll be looking for a reaction to the 56 area, which has the 61.8% Fibonacci retracement clustering with an S\/R level on the Daily chart latest move. And for a longer term setups, I\u2019ll be looking for a deeper pullback, in the context of the Weekly chart, into the level of 58.70 which was the breakout level on the way down, and may offer resistance for the pullback.<\/p>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning Traders! It\u2019s rare to see a market where the trend on all the higher timeframes is in agreement. Soybean Oil is currently showing a downtrend on the Daily, Weekly and the Monthly timeframes. Currently the market is in the process of pulling back, after printing another Lower Low, which, once again, is a [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":21145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Stalking Soybean Oil Move | %%sitetitle%%","_seopress_titles_desc":"Learn how to identify and capitalize on potential moves in the soybean oil market. Get expert insights and trading strategies for success.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/posts\/24511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/comments?post=24511"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/posts\/24511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/media\/21145"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/media?parent=24511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/categories?post=24511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/tags?post=24511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}