Bracket Orders and Soybean Oil Outlook
Day Trading margins are back to normal!
However, with volatility, you need to double check the status daily at:
Below you will see a quick video on how to set and utilize the bracket orders feature on the StoneX futures platform/ CQG desktop
BRACKET ORDERS VIDEO
July Soybean Oil
July soybean oil is challenging overhead that has contained the upside for an extended period of time. IF the chart can break out into new sustained highs, the third upside PriceCount objective would project a possible run to the 53.77 area.
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.
It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.
Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
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