cbot

darkmorg darkmorg WN2017, D, Long ,
WN2017: WN2017 - July '17 Wheat Futures
37 0 3
WN2017, D Long
WN2017 - July '17 Wheat Futures

As the market made lower lows, the MACD indicator made higher highs. This is very powerful bullish divergence. Circled is where the MACD crossed over to the upside, further indicating bullishness. Stops should be placed slightly below the most recent low of 429'4, which occurred on March 31. Profit targets are at the Fibonacci retracement levels. Target 1 - ...

Remko Remko ZS1!, W, Long ,
ZS1!: cbot soybeans weekly
58 0 2
ZS1!, W Long
cbot soybeans weekly

The weekly continuation chart shows a very interesting picture with a long term resistance trend line that has its start at around 1765 in September 2012 when the bear market started and that descends via the 1500/1530 region during April/June 2014 to the 1185 level during June 2016. This line is significant because of the long period of time that is exists ...

Remko Remko ZSK2017, D, Long ,
ZSK2017: CBoT soybeans
54 0 2
ZSK2017, D Long
CBoT soybeans

The daily MAY17 chart shows that price of the May contract has been gradually moving up within the parallel lines of an ascending price channel that started during July/August 2016 and which took price up with the relevant supports and resistances. This chart clearly shows that price is moving in a short term uptrend with a long term downtrend. In other words: ...

Remko Remko ZM1!, W,
ZM1!: CBoT soyameal weekly
5 0 2
ZM1!, W
CBoT soyameal weekly

The weekly continuation chart especially shows that there is not such awfully much to show. There is a gap between, roughly, the 450 and the 465 level and the rules of TA teach us that gaps always are filled. Regretfully, however, same TA rules do not teach us when that gap has to be filled so that doesn’t particularly help us a lot here and now. Price has ...

Remko Remko ZMK2017, D,
ZMK2017: CBoT soyameal
7 0 1
ZMK2017, D
CBoT soyameal

The daily MAY17 chart does not tell us anything material other than that there is an ascending supportive trend line that starts at around 201 during October 2016 and supports price during January 2017 at the 313/315 level. Price would meet support again at around the 322/324 level during the coming week.

Remko Remko ZL1!, W, Long ,
ZL1!: CBoT beanoil weekly
9 0 0
ZL1!, W Long
CBoT beanoil weekly

The weekly continuation char shows an ascending price channel of which the lower boundary started at around 25.00/26.00 during August/September 2015 and offered support to price during July/August 2016 at around the 30.00 level as well as during the past 2 weeks at around the 32.50 level. Price has been bouncing up from this supportive trend line which we expected ...

Remko Remko ZLK2017, D, Long ,
ZLK2017: CBoT Beanoil
6 0 2
ZLK2017, D Long
CBoT Beanoil

The daily MAY17 chart does not tell us an awful lot other than that price has been trading with a descending channel. If and when price breaks the upper boundary of the channel it will have plenty of room to the upside to develop a rally but the first 2 or 3 sessions will probably to the downside during the coming week.

Remko Remko ZWK2017, D, Long ,
ZWK2017: CBoT wheat daily
56 0 5
ZWK2017, D Long
CBoT wheat daily

The daily MAY17 chart shows that price has been under control of a long term descending resistance trend line that started during the 2nd half of July 2016 which was broken by price to the upside on January 5. From there on price traded an ascending channel which has its origin at the 406 level on December 23 and offered support to price on January 30 and on ...

Remko Remko ZCK2017, D, Long ,
ZCK2017: CBoT corn daily
38 0 4
ZCK2017, D Long
CBoT corn daily

The daily MAY17 chart shows that price has been under influence of a solid horizontal resistance line at around the 375 level since October 2016. Price managed to break same resistance on February 7 from where price traded up to 385 until price made a reverse and started trading down towards same 375 level which now serves as support. During the last 2 sessions of ...

Remko Remko ZC1!, W, Long ,
ZC1!: CBoT corn weekly
35 0 2
ZC1!, W Long
CBoT corn weekly

The weekly continuation chart shows a very solid bottom at around 320 and an equally very solid top at around 440. Price has been trading sideways between these values since June 2014 and these values are relevant for us to keep in our minds. From August 2016 on price gradually moved higher from its solid long term supportive level, gradually making higher highs ...

Remko Remko ZCH2017, D, Long ,
ZCH2017: CBoT Corn
35 1 3
ZCH2017, D Long
CBoT Corn

Corn: Price recently made some 'trap moves' which made us decide to step away from the market fro some time and let it play out. In meantime we see a clearer pattern being developed again which has resulted in a bull-flag-pattern. Same bull flag pattern has now the potential the unfold its last leg with the 375 level as first target by the end of December where ...

Remko Remko ZLH2017, D,
ZLH2017: CBoT Beanoil almost ready for a long play
13 1 2
ZLH2017, D
CBoT Beanoil almost ready for a long play

Beanoil: Like the rest of the soy complex, the beanoil price has developed an ascending channel during the past months with higher highs and higher lows. During the past week price developed and ascending wedge towards the higher end of the price channel from where, as per the TA rules of thumb, price broke out to the downside. We expect price to continue its ...

Remko Remko ZMH2017, D, Long ,
ZMH2017: CBoT Soyameal
16 0 3
ZMH2017, D Long
CBoT Soyameal

Soyameal: Price has developed an ascending channel during the past months with higher highs and higher lows that look quite similar to the soybean picture. Like in the soybean chart, the EW current EW count suggests that price is in the start of its 3 of 3 wave which should lead the price to substantial higher levels from here which could easily add 30% to today's ...

Remko Remko ZSH2017, D, Long ,
ZSH2017: CBoT Soybeans
38 0 2
ZSH2017, D Long
CBoT Soybeans

Soybeans: Price has developed an ascending channel during the past months with higher highs and higher lows. The latest EW count suggests that price is initiating a 3 of 3 wave which should make price a considerable move to the upside from here. Ideally, price would correct one more time to the lower and supportive line of the ascending price during next week ...

Remko Remko ZCZ2016, D, Long ,
ZCZ2016: CBoT corn continued long play
31 0 1
ZCZ2016, D Long
CBoT corn continued long play

Corn: Price mostly moved sideways during the past week but held well. The weekly candle (not attached/displayed) shows an almost perfect 'doji' which principally expresses doubt but we have no reason to believe that price will not continue its rally up and we keep our bull bias unchanged. Our pivotal supportive level remains unchanged at 336 for now. The upper ...

Remko Remko ZWZ2016, D, Long ,
ZWZ2016: CBoT wheat continuous long play
64 1 1
ZWZ2016, D Long
CBoT wheat continuous long play

Wheat: Price made an almost 2% corrective move down during the past week after its strong 5% swing up of the week before that. We have put a first supportive level at 413 in the chart which was tested twice during the past week and which we would not like to see broken on basis of EOD. We should, however, not be stunned if same support will be penetrated during ...

Remko Remko ZSX2016, D, Short ,
ZSX2016: CBoT soybeans still a sort play
41 0 0
ZSX2016, D Short
CBoT soybeans still a sort play

Soybeans: Volumes for the X16 contract are still almost twice as high as volumes for the F17 contract but open interest went already higher for the F17 during the past week. We will roll over soon as well but still kept the X16 for this week. Price made a 2% advance during the week which is not the end of the world but it did break our first resistance at 975 ...

Remko Remko ZMZ2016, D, Short ,
ZMZ2016: CBoT soyameal still a short but no margin at the upside
10 0 0
ZMZ2016, D Short
CBoT soyameal still a short but no margin at the upside

Soyameal: Further sideways move during the week with only exception during Thursday's session when price spiked up and actually penetrated the most recent high at 310.90 which was not what we were looking for. The pull back that followed indicated that is could have been a bull-trap but it could also be that we have to reconsider our bear scenario. A close above ...

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