Kumowizard
Long

Soybeans - Can it reach 1100?

CBOT:ZS1!   SOYBEAN FUTURES - ECBT
49 0 2
Weekly:
- Ichimoku setup is neutral ( bearish consolidation)
- Heikin Ashi setup is bullish , but price has to fight with weekly Kijun Sen and trend channel top. Will it break or will it dip again?

Daily:
- Very impressive move from a double bottom , price soars above Kumo. Chikou Span also ticked above past Kumo, but price faces some headwind at 1000 resistance.
- Heikin Ashi started to show some slowdown in extreme bullish momentum. The short squeeze rally may take a pause, haDelta started to decrease from extreme high.
- We will see some sideaway consolidation or a pull back to 960-965 support, which I think would be an optimal risk/reward entry for longs.
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