大豆 技術分析 - 大豆 交易: 2018-12-03

The US and China can remove part of the mutual restrictions in foreign trade

The leaders of the United States and China will negotiate at the G20 summit. Among other things, they will discuss issues of US soybean imports to China. Will SOYB prices rise?

On the daily timeframe, SOYB: D1 approached the upper boundary of the neutral range. A number of technical analysis indicators formed buy signals. The further price increase is possible in case of a resumption of demand by non-Chinese buyers and a reduction in duties.

• The Parabolic indicator gives a bullish signal.
• The Bollinger bands have narrowed, which indicates low volatility. Both bands are titled upwards.
• The RSI indicator is above 50. It has not reached the overbought area yet. No divergence.
• The MACD indicator gives a bullish signal.

The bullish momentum may develop in case SOYB exceeds the three last fractal highs and the upper Bollinger band at 904. This level may serve as an entry point. The initial stop loss may be placed below the last fractal low, the lower Bollinger band and the Parabolic signal at 854. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level (854) without reaching the order (904), we recommend to close the position: the market sustains internal changes that were not taken into account.

Summary of technical analysis