Panjang
Bearish Bean Oil Channel Close to Resistance
Simple trade strategy, DEC Bean Oil has been in a bearish channel for a while now. Price is close to reaching resistance. I think its a decent long play (possibly short term) until resistance is hit, then look for direction:
1. If breakout, buy signal
2. If resistance holds, sell signal
(The Stoch RSI seem to look very overbought to me. I could see the commodity staying overbought until the price is close to the resistance, and then selling off)
Again, this is a simple strategy with not much depth behind it. The channel is clearly a valid one, and could provide traders with a good indication of price movement.
Opinions and Ideas are my own, Happy trading!
1. If breakout, buy signal
2. If resistance holds, sell signal
(The Stoch RSI seem to look very overbought to me. I could see the commodity staying overbought until the price is close to the resistance, and then selling off)
Again, this is a simple strategy with not much depth behind it. The channel is clearly a valid one, and could provide traders with a good indication of price movement.
Opinions and Ideas are my own, Happy trading!
Nota
Bean oil has made it to the resistance, will watch closely now. If it decides to break through, I will add to my long, and if it cant break it I will get short.We shall see where this one takes us.
Dagangan ditutup: hentian tercapai
might be time to turn over and get short?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.