If a candlestick closes below 0.19318, then I will exit my long positions. A double top pattern formed on the chart which indicates a reversal.
As we all know we had several flash floods this year and most probably we will have them more in coming years. Those flash floods are affecting the agricultural fields badly. Let me clarify; Once the flash flood hits a region top soil is removed and it goes to seas. So next season on that land becomes less productive. These kind of effects will make the prices of...
Oat milk has exploded onto the scene in the last six months. Oat milk does appear to be a superior product to both soy and almond milks for drinking, smoothies and alternative barista creamers. I believe the demand for oat milk and oat milk products is driving the rise of oat futures and the fall of soy. CBOT:ZOZ2021 CBOT:ZSF2022
Long term trend still intact. Trend continuation expected. I've been expecting a breakout from this wedge pattern for a couple weeks. Last week, the breakout did happen, but price returned to close the week back inside the wedge. I still hold that the technical pattern is extremely bullish. Fundamentals for wheat are also bullish with rising fertilizer and energy...
Wheat short opportunity ! more than 4 solid confirmations. Enjoy it.
SUGARUSD Entry at 0.19082. In the chart shown below, I used the symmetrical chart pattern to enter early. I entered before the planned breakout at price level 0.19318. The chart shown below is the current status.
SUGARUSD. As expected, SUGARUSD Market closed above price level 0.19318. First entry was on 11/04/2021. Next entry will be on a Pull Back.
SUGARUSD. Wait For A Close Above 0.19318. Wait For Price To Close Above 0.19318. After the close, watch for a price action signal.
SUGARUSD. Wait for price to close above or below channel support & resistance before entering.
Without a S. American weather problem soybeans could struggle. Corn and wheat are doing the heavy lifting. I am neutral this market for now.
In (3) of 3-the power leg. Wheat has been leading the ag commodity sector.
WATCHING $SBUX - Key Levels and Analysis Understaffed, higher cost of operations, higher cost off coffee, and unstocked shelves will likely chip away at revenue. I don’t normally look at fundamentals… I’m strictly technical. This is just what I am physically seeing every time I walk into a Starbucks. Analysis is technical only, but it seems to be supported...
Soy Crush: Crush demand remains very strong currently at 1.66. Strength in Crush margins can come on the backside of strong moves lower in beans. Currently crush is high due to strong demand for oil and a weaker bean market. If Bean oil holds elevated levels and Meal can find some strength, Soybeans should find a lift higher. Soybeans: Price has retreated...
US Dollar: Usually trends lower into major China export programs. Trends higher after export program concludes. Some resistance ahead. A move lower would help grain exports…. COT: Commercial Net (green) is tipping lower, about neutral. Selling by farmer to commercial met by equal buying of end users. Commercial Shorts (yellow) recently...
I will buy corn futurese higher 540$, because this is very strong level and above this price everybody who sell from this level will close their short possision ("bears" will lose money higher this price) and all bulls start open their long possision so it should give us some impuls.Stopp loss not more than 2 $ and TP minimum 6 $.Good luck :)
I firmly believe raw sugar futures are set to continue their upward trend seen for months now. While they have consolidated for a time and recently dipped below temporary support, which could be mistaken for a trend breakout, I believe we are simply seeing a sell-off as a reaction to the futures having floated highly above the trendline for a long time. As pointed...
I have updated my wave count on short soybeans. I am posting it as a new idea. Maybe I'm suppose to update the old?? IDK , new to this s**t. South American weather is ideal for planting-this is not bullish soybeans. Crush margins are great in the USA keeping basis firm through harvest.
slight uptrend, kinda easy to trade those patterns, buy the dip tho