Recommendation for Grain Index:Buy
Buy Stop : Above 576
Stop Loss : Below 529
RSI : Buy
MACD : Sell
MA(200) : Neutral
Fractals : Neutral
Parabolic SAR : Buy
Bollinger Bands : Neutral
Chart Analysis
On the daily timeframe, Grain_4: D1 failed to break down the support area and returned to the growing trend. A number of technical analysis indicators have formed signals for further growth. We do not exclude a bullish movement if Grain_4 rises above its last high: 576. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal and the last lower fractal: 529. After opening a pending order, we can move the stop loss following the Bollinger and Parabolic signals to the next fractal low. Thus, we are changing the potential profit / loss ratio in our favor. After the transaction, the most cautious traders can switch to the four-hour chart and set a stop-loss, moving it in the direction of the trend. If the price overcomes the stop loss (529) without activating the order (576), it is recommended to delete the order: there are internal changes in the market that were not taken into account.