Soybeans have certainly caught our attention as a classic head and shoulders pattern has emerged, suggesting a possible trend reversal. This implies a potential drop equivalent to the height from the head to the neckline, taking us towards the 900 level. Could this be signalling more downside in the soybean market? The current price action is intriguing as an...
This is a de risked stock, ready to rebound and continue an uptrend with a huge bull flag, at least 20% from this point to the flag resistance, and other 20% to the conclusion. Good if you adding some value to your portfolio
We have a Piercing Line with Bullish Divergence on the 3 Day near the 200 SMA at the PCZ of a Bullish Deep Cypher that if plays out could take it up to the level of $97 but if we're being realistic probably at least $100.
As long as it stays above 35(at support) this could very well hit 45 again.
Corn prices have fallen 14% since the start of 2023. The latest USDA report points to further downside. Corn prices are expected to fizzle with expectations of a bumper harvest combined with tepid demand. The USDA expects a record harvest of 15.27 billion bushels. The 2023/24 forecasts signal rising corn supply boosting ending stocks to their highest level since...
Price is retesting the broken support and now resistance. Wheat and Soyabeans are also turning back down.
The technical figure Falling Wedge can be found in the daily chart in the German company Bayer AG (BAYN.de). Bayer AG is a German multinational pharmaceutical and biotechnology company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceuticals; consumer healthcare products,...
You know the “It’s Corn” song trending on TikTok? It brings a smile to our face every time we hear it. But if you look at Corn’s price chart and fundamental outlook, that’s a whole other story… Corn’s recent breakout of a symmetrical triangle towards the downside caught our attention. With the clear break and an ensuing retest, Corn is now trading right on...
The quarterly numbers are bad. December quarter is also expecetd to be a loss.
DBA noted to be on the verge of a break out. Very quickly, here is why: 1. Weekly Candlestick pattern appears more bullish . Subtle buy signal there. 2. MACD rising and just about crossing up and the VolDiv already crossed over. 3. TD Seq is actually still in Bullish trend 4. Daily Candlesticks show a potential rebound, but it needs to break above the TDST...
Hey guys, A Cup&Handle formation on the FMC. If the price breaks out I expect a move into the 140-150$. The fundamentals look strong and institutional investors are piling in. If you want to know more you can check my profile :) I am bullish from here. And what do you think ?
CBOT: CBOT:ZW1! , CBOT:ZS1! , CBOT:ZC1! , CME:HE1! This is the second report in the series “Year of the Rabbit: Short-tailed Trading”. US inflation began to pick up in March 2021 and rose rapidly throughout the year. Federal Reserve officials told Americans not to worry. It was due to supply chain issues and comparisons to low baseline numbers in 2020...
Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and...
Noted in my screener that the Invesco DB Agriculture Fund DBA was outstanding for the week. A 2.3% climb for the week came after a quick 15% decline early in the year, and entrapment in a consolidation range (yellow box) between 19.50 and 20.80. The lower end of the range represents a strong support having been tested thrice this year. Meanwhile, the weekly MACD...
I have to admit, I didn't dream this one up. I saw an interesting interview from a Case New Holland (CNHI) exec and they were talking about their new technology. One thing is for sure, there is a shortage of and growing demand for agricultural products, technology, and commodities. Ukraine is a major agricultural exporter and they are basically out of the...
COT Data is signaling that Wheat Futures ( CBOT:ZW1! ) are ready to pop after a few months of declines and chop As it currently stands, this is the shortest the Large Speculators have been on Wheat since 2020 where it bottomed at 589'4 to rally all the way as high as 1422'0. By no means do I expect a similar rally to ensure, but this does illustrate how oversold...
Hello and welcome to this analysis On daily time frame it is forming a Bullish Harmonic Gartley that has its potential reversal zone between 148-143. Accumulate in that zone with 135 as stop loss for upside potential targets of 170/190 and ATH Good risk reward set up from medium term prospective.
This bottoming pattern has shown up in each of the past 6 moths