Market Curiosity: Exploring Markets And Systems

July 10, 2011

December soybean oil — looking to go long. (update 4, August 23) -8%

Filed under: -05 to -24%, Futures Trades — Tags: — Jeff Fitzmyers @ 8:34 pm

Of course the safer entry was the NR7 2 bars ago, but I missed it. A buy stop at the previous bar high and stop loss under should do fine.

Weekly chart.

10, 20, 30, 40 year cycles — seems to be a turning point about mid July.

The MRCI monthly chart shows, relative to past lofty price levels, a lot of consolidation at a high level.

July 13: Long from 57.64, stop loss at 57.2. If price fills the gap, it should not go much lower. In fact it might be a good idea to take partial profit if price is not strong tomorrow.

July 18: Stop loss moved to 57.44. Price “should” not go below this.

July 19: Moved stop up to 57.5. Almost a good idea to stop and reverse.

Leave a Comment »

No comments yet.

RSS feed for comments on this post.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Blog at

%d bloggers like this: