FX.co ★ Trading signals for today - May 23

Today, a signal was formed in the purchase of futures for soybeans. The figure shows the schedule of the July contract with the expiration of the 29th day.

On the daily chart, the oscillator indicator Marlin is not shown due to the limited history of quotations. The indicator on the price chart, the balanced line (red) appeared only on the last four bars, but it is already clear that the price goes above it. The first goal of growth is the correction level of 76.4% of the previous fall since March 2. This level coincides with the high of April 30, the price - 1067.00. The penetration of the price will open the way to the top of March 2, 1089.75.

On the four-hour timeframe, the Marlin oscillator is available, it shows an increase in the trend after convergence with the price, the price itself was fixed above the Fibonacci level of 38.2%.