• About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
Top News

Has Meta (Facebook) stock seen the bottom

March 21, 2022

What Is The Nearest Technical Support For Meta (NASDAQ: FB)

February 7, 2022

Using Elliott Waves to Capture a Trade in S&P500

January 27, 2022
Facebook Twitter Instagram
Facebook Twitter Instagram
WaveTimes Blog WaveTimes Blog
Wave times
  • About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
WaveTimes Blog WaveTimes Blog
Home » Soybean Oil Futures Outlook
Soybean Oil

Soybean Oil Futures Outlook

RamkiBy RamkiNovember 30, 20103 Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email

Soybean oil futures have been behaving quite technically, and an alert trader could have spotted some easy low risk trades. Take a look at the first chart of CBT Soybean oil January delivery futures. This is a weekly chart. The first thing you notice is the price found very strong resistance at the 61.8% retracement level. This also happened to be a low sometime in early 2008 (look along the dotted line to the left in this chart). If one had placed a sell order near there, with a not far away stop, he could have pocketed 13% in just 2 days! But do all 61.8% pull backs deliver such fantastic results? They do, if there are complementing techical factors. Look at the 2nd chart, which is a daily chart. Here the ‘C” wave of Soybean oil price movement is shown to be exactly 200% of the “A” wave. When you have such a confluence of levels, then Elliott Wave analysis produces a more rewarding outcome. Finally, I would like to suggest that maybe we have witnessed an extending fifth wave in Soybean oil futures that finished at 55.41 levels, and hence the correction down should go down all the way to 43.50. But wait. Don’t rush out to sell! Often times, we get what is called a double-retracement once a fifth wave extension is over. We are probably in the middle of this 2nd retarcement. While it may not reach all the way to the high, be prepared to join in the selling as soon as a strong decline starts. That sell-off in soybean oil at that time will be mighty powerful, when it begings. Good luck.

CBOT Soyoil Futures Outlook Soybean oil futures outlook
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticlePalm Oil Outlook 29 Nov 2010
Next Article Copper futures outlook
Ramki
  • Website

Related Posts

Soybean outlook using Elliott Waves

April 10, 2012

Outlook for Soybean Oil Futures

March 10, 2011

Soybean Oil Futures Outlook 16 Dec 2010

December 14, 2010
View 3 Comments

3 Comments

  1. Prince on November 30, 2010 6:42 am

    Hi sir. Please update your views on nifty and gold (if possible).

    Many thanks & Regards,
    Prince
    Delhi

    Reply
  2. Manish on November 30, 2010 10:44 pm

    Sir,

    me too request same as above.as Nifty did go below 5700 but now moving up again.
    Nifty daily & weekly time frame pls.

    Reply
  3. nidhisilver on December 1, 2010 7:29 am

    Dear sir,
    Pls update on gold. Was the top of 1424 end of wave 3 or 5.

    Reply

Leave A Reply Cancel Reply

Recent Posts
  • Has Meta (Facebook) stock seen the bottom
  • What Is The Nearest Technical Support For Meta (NASDAQ: FB)
  • Using Elliott Waves to Capture a Trade in S&P500
  • Hedge Funds and Elliott Waves – Netflix $NFLX
  • When Elliott Waves applauds the promoter’s signals!

WaveTimes is a Research Organization dedicated to providing original analysis, reports, reviews, and insights on developments in mutual funds, stocks, investing, foreign exchange, commodities, and bonds.

Contact WaveTimes

L-601 Mantri Espana,

Kariyammana Agrahara, Bellandur, Bangalore 560103

Follow Us

  • Facebook
  • YouTube
  • Twitter

© 2022 Wave Times. All Rights Reserved.
  • About
  • Books
  • Privacy Policy
  • Policies and Standards

Type above and press Enter to search. Press Esc to cancel.