{"id":27355,"date":"2023-05-19T08:05:39","date_gmt":"2023-05-19T08:05:39","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/?p=27355"},"modified":"2023-06-25T20:00:49","modified_gmt":"2023-06-25T20:00:49","slug":"soybean-oil-retracement","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/fr\/soybean-oil-retracement\/","title":{"rendered":"Soybean Oil Retracement"},"content":{"rendered":"\n

Good morning Traders!<\/p>\n\n\n\n

Soybeans products have seen a strong selloff in the last couple of weeks, today I want to take a look at the chart of Soybean Oil<\/a>.<\/p>\n\n\n\n

Soybean Oil<\/h2>\n\n\n\n

The market<\/a> is now in a confirm downtrend on the Daily, Weekly and the Monthly timeframes. After a strong push to a new Lower Low, the market is currently overextended on all the higher timeframes, and yesterday\u2019s Daily candle showed the potential for a beginning of the pullback.<\/p>\n\n\n\n

\n
\"\"
BO W<\/figcaption><\/figure>\n\n\n\n
\"\"
BO M<\/figcaption><\/figure>\n<\/figure>\n\n\n\n

I am looking for a pullback to around the area of the 50 to 51 mark, to release some of this strong selling pressure. Drawing the Fibonacci retracement of the latest Daily move, has this area sitting around the 50% retracement. There are also a couple of previous significant touches in this area.<\/p>\n\n\n\n

\"\"
BO D<\/figcaption><\/figure>\n\n\n\n

If and when the market<\/a> will pullback into this area, I\u2019ll be looking for a potential rollover setup.<\/p>\n\n\n\n

Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning Traders! Soybeans products have seen a strong selloff in the last couple of weeks, today I want to take a look at the chart of Soybean Oil. Soybean Oil The market is now in a confirm downtrend on the Daily, Weekly and the Monthly timeframes. After a strong push to a new Lower […]<\/p>\n","protected":false},"author":15,"featured_media":27358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Soybean Oil Retracement Analysis | %%sitetitle%%","_seopress_titles_desc":"Discover the latest insights on Soybean Oil retracement. Learn about key price levels and potential trading opportunities in this comprehensive analysis.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-27355","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\/27355","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=27355"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/posts\/27355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/media\/27358"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/media?parent=27355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/categories?post=27355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/tags?post=27355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}