US Soybean Oil

US Soybean Oil closed down by -2.75% to 65.46 on 23 January 2021 and +9.63% on a weekly basis. US Soybean Oil momentum was last calculated at +100.0/100 indicating positive momentum. US Soybean Oil trend is +100.0/100 indicating a positive trend. US Soybean Oil momentum exhaustion is 2.75119 indicating US Soybean Oil is overbought.US Soybean Oil RSI is 73.2171 .

US Soybean Oil Chart

US Soybean Oil

US Soybean Oil Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
US Soybean OilZL65.46112.7511973.2171-2.759.63-0.970.52601

US Soybean Oil closed at 65.46 on 23 January 2021. US Soybean Oil trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. US Soybean Oil momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. US Soybean Oil momentum exhaustion is 2.75119 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating US Soybean Oil is overbought and a possible reversal is imminent. US Soybean Oil RSI was last calculated at 73.2171. US Soybean Oil moving averages were last recorded as follows: 1-month moving average: 41.042 in an uptrend , 1-quarter moving average: 37.9197 in an uptrend and 1-year moving average: 31.2944 in an uptrend. US Soybean Oil annual return was last recorded at None%, daily return was last recorded at -2.75%, and weekly return was last recorded at 9.63%. US Soybean Oil histrorical 20-day volatility was last recorded at 23.1867%, US Soybean Oil alpha None, US Soybean Oil beta None and US Soybean Oil maximum drawdown was recorded at None%. MacroVar models monitor US Soybean Oil statistics based on historical data since 1970.

US Soybean Oil Trading Signals

MacroVar estimates the following signals: US Soybean Oil momentum, US Soybean Oil trend, US Soybean Oil oscillator, US Soybean Oil RSI and US Soybean Oil returns.

US Soybean Oil Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar US Soybean Oil momentum signal ranges from -100 to +100. The US Soybean Oil momentum signal is derived as the mean value from 4 calculations for the China Import Dry Bulk Freight Index CDFI. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. US Soybean Oil return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. US Soybean Oil BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when US Soybean Oil momentum signal moves from positive to negative value or vice-versa.

US Soybean Oil Trend

US Soybean Oil trend signal ranges from -100 to +100. US Soybean Oil trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. US Soybean Oil Closing price vs US Soybean Oil moving average (MA) calculation: If US Soybean Oil is greater than US Soybean Oil MA value is +1, else -1, 2. US Soybean Oil Moving average slope calculation: if current US Soybean Oil moving average is higher than the previous MA, US Soybean Oil upward slope +1, else -1
US Soybean Oil trend model can be used as a trend strength indicator. US Soybean Oil trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when US Soybean Oil trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The US Soybean Oil 52-week simple moving average and its slope are the most important indicators defining a market’s trend. US Soybean Oil is in an uptrend when US Soybean Oil price is higher than the 52-week moving average and the US Soybean Oil 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the US Soybean Oil oscillator and US Soybean Oil RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

US Soybean Oil Oscillator

The US Soybean Oil oscillator estimated by MacroVar is the z-score of the current US Soybean Oil price versus US Soybean Oil 1-year simple moving average price. The formula for the US Soybean Oil oscillator is:
US Soybean Oil oscillator = (Current Price – 250 trading days US Soybean Oil simple moving average price) / (250 days US Soybean Oil price standard deviation)

US Soybean Oil oversold conditions
US Soybean Oil is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the US Soybean Oil is oversold it is often due for a rebound. Values of the US Soybean Oil oscillator lower than -2.5 signify oversold conditions. It must be noted that the US Soybean Oil oscillator must be analyzed ibn conjunction with the rest of US Soybean Oil quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the US Soybean Oil RSI.
US Soybean Oil overbought conditions
US Soybean Oil is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the US Soybean Oil is overbought it is often due for a correction. Values of the US Soybean Oil oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the US Soybean Oil quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

US Soybean Oil RSI Indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when US Soybean Oil is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During US Soybean Oil uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

US Soybean Oil Returns

MacroVar calculates US Soybean Oil returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

US Soybean Oil returns = (US Soybean Oil Closing Price Previous Price)/(US Soybean Oil Previous Price)

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