It is unconfirmed double bottom and there is a positive divergence on rsi. Needs to break $136.06 to confirm the pattern 12 months Consensus Price Target: $124.8 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
This is a signal that LAC's price trend could be reversing, and it may be an opportunity to buy the stock or explore call options. I identified 66 similar cases where LAC's stochastic oscillator exited the oversold zone, and 55 of them led to successful outcomes. Odds of Success: 83%.
Parameters Position Size : %1 (0.01) Leverage : 50x Risk/Reward Ratio : 3.00 Stop-Loss : 328.2 Goal : 345.2 Regards.
Daily Live Cattle looks still like wants to test lows again before any signs of bullishness. These are just my opinions and do not take as trade advice. Good luck this week everyone!
A major 3 wave followed by a triangular consolidation followed by another major 3 wave? Rice is a basic human commodity needed by many to survive; interesting that it is rising despite the fact that many other agricultural commodities like soy and corn are falling. Much Love GL HF xoxo snoop
Short Wheat 50 Percent Retracement Hit and channeling down to bottom range of 540 then 500 price point.
The idea can be triggered here on the 4 hour, but first let us take a look at the daily chart. We are at an important resistance zone on the daily chart. At around the 5.82 zone. What has caught my attention is the many indecision candles we have here. The two doji candles, candles with large wicks on either side. What this shows us is that there is a battle...
Complex overlapping corrective structure is defined by the orange median line study. Mathematical symmetry and momentum divergence at blue line $319 can signal price exhaustion as this level has been tested 3 times. The final swing looks to be developing in 5 waves of (c) and a break of wave 4 signals a reversal with a turn down in momentum target red line wave B...
Food shortages may become an issue that drives prices higher. Looking to buy breakout in rice and target previous resistance zone.
Watching a pretty simple technical analysis, can CTVA reach the 30.38 resistance?
A simple idea. Wheat is showing a head and shoulders reversal pattern. On the daily, we did break out but that has not been sustained. We can see fake out patterns on both the daily chart and the 4 hour chart. Here on the 4 hour, we are awaiting a break of the neckline. This would also confirm our first lower high swing (the right shoulder of the...
Hello friends, especially in the Agricultural Commodity Market : Corn and Soybeans had been trading discounted for a long time. I shared my prediction earlier because the Soybeans exceeded intermediate resistance. That analysis continues (On related ideas) Now it's time for Corn. Because Corn just broke up its minor resistance, under the influence of the buy...
Prices of Soybeans are seen to be above the minor resistance. (9.118) Although it may contain a slightly lower risk / reward ratio, it may be more profitable in low time-frame periods. Those traders who want to be more safe can enter after a period of 1-2 weeks if prices below the resistance status is clear. Furthermore, the highest basis of this analysis is the...
Seems like an easy prediction. With rising levels of CO2 agri prices will keep going down. And I guess interest in soft commodity futures will keep going down. Especially noobs, they could not care less, they want to chase the next high tech big thing that will make them rich, er typo I mean that will make them lose their shirt. Statistically they are better off...
Leans Hogs is on a strong rejection this first few session of 2020, after the top on the 72.100 1D Resistance. The price is currently testing the 1D MA50 (blue line) which has been acting as the pivot since October. With the long term Higher Low trend line (since August 2018) providing Support, we are expecting a bounce on the 61.400 Symmetrical Support back...
The price is testing the 499'4 1W Resistance after a prolonged rise since the rebound on the 380'4 1W Support. We've made a Double Top on the 1D chart which remains bullish (RSI = 65.798, MACD = 12.030, ADX = 55.290, Highs/Lows = 2.8750). However MACD is forming a top on a bearish reversal pattern. We are expecting a strong rejection after that Double Top and our...
Cocoa has been trading on a multi-year Channel Up since May 2017 with the 1D chart trading near the overbought territory (RSI = 70.555, MACD = 51.220, Highs/Lows = 144.4643). If the Channel stays intact then the price should pull back towards the 1D MA200 for a Higher Low near 2,365. If however it breaks as it did in March 2018 then it can easily reach 2,940...