Soybean Oil
Soybean Oil market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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Soybean Oil details
Soybean oil is a commodity available to trade with FOREX.com. Soybean oil futures and options contracts are primarily traded on the Chicago Mercantile Exchange (CME). Soybeans are the second most-used crop for vegetable oil production behind palms.
The largest producers of soybean oil are the United States, China, Brazil and Argentina. The US, China and Brazil also consume the most soybean oil globally. Soybean production – and therefore the market price – is primarily impacted by environmental factors such as droughts.
| Margin from | 20.0 % |
| Min trade size | 1 |
| Long | 0 |
| Short | 0 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.1 Points |
Spreads
| Spreads from | 4.0 Points |
Margins
| 0 + | 20.0 % |
Dealing
| Spreads from | 4.0 Points |
Margins
| 0 + | 20.0 % |
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