1) Commodities are on a run 2) Soybeans is in an upward trend 3) Instrument $SOYB Teucrium Soybean ETF
ignoring the events of February 24, it is forming an ascending triangle that could continue the Weekly Channel
Minor Pattern Continuation: Ascending Triangle Entry at 1488 But potentially bearish candle (inverted hammer) and figure not supported by major pattern, so entry 0.25% now and another 0.25% on Monday if prices still close above 1488
So my original prediction of a Soybean Sell Order is certainly delayed for a few weeks and maybe even a month or two. As you can see from the monthly chart, we are on our way to levels not seen since 2012, almost 18!! We did have a couple days of some dramatic fall in price, but then right back up again. So I will delete my original Sell order and wait for a...
Soybeans have been on a tear for over a month now. Apparently weather is to blame around the world. Too much rain in some countries and too little rain in others. China has just released tons of Soybean from their reserve supplies to help fill the growing gap. Word is it's going to be Mid March at least before there could be any relief. By then, I believe my...
This chart is an attempt to interpret market conditions and discussion of market action based on Elliott waves, not as a trading recommendation. If you have an opinion welcome to comment. regards
ZS1! (SOYBEAN) is in a correction of the intermediate (4). We finished Minor wave 5 as an extended wave and I am considering the 4th wave as a complex correction because of the extended 5th wave. We can go around 38% to 50% of the Fibonacci which is 1473 to 1423 for finishing the correction of the 4th wave. This correction will a time consuming also. As an...
You can see that price action soared way above the Linear Regression Indicator this week and has been on a tear for many weeks just going to the moon. I am waiting for price action to finally come down - today it started but I'm not sure when I will short this trade. Next week will be the earliest but it might be March. You can see this is the weekly chart so...
soy bean i think is completing the wave 5 of a build up to form a bigger fractal wave 3..who knows might be or not, this is a spring on an accumulation phase..i would keep an eye on the lows 1300...i think don't trade my ideas realy..
I expect a little move down to 1334.4 (382% retracement of wave iii) to end wave iv and start wave v of 3
Big noticeable increase of volume and momentum showing retail/traders are coming in after noticing that we going up, Looks as wave 3 has therefore definitely started! ...and we can project the wave 3 TP @29 using the previous wave 1.
View On Soy Bean (19 Oct 2021) We are seeing the potential bottoming in the soft-commodities and it is about go back UP higher. For the starter, reclaiming the previous resistant of $1,280~$1,300 shall be easy. We shall see further bullish signs soon. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be...
it seems to be necessary break top resistance and then we would enter to position for 3-4 days :D let see what will happen...
Trend Analysis The main view of this trade idea is on the 2-Hour Chart. Soybean Futures is experiencing a broadening pattern in the respective timeframe. This pattern comes with increased volatility as the trendlines are expanding outward. It is projected that the commodity will rally towards 1440, around the sighting of a gap lower. An indicative stop loss is...
Sell from currenr and 1820, stop 1895.75, target 794
With all the drama of last year and many areas locked down, one of the big sufferers was agriculture. Much of last years yields went to waste and panic buying occured. Which I'd guess also went to waste for the most part. As you can see on my chart I'm expecting a sizeable pullback in price before the event, which is completely normal. let it collect the orders...
Sell from 1547 and 1568, stop 1635.25, target 794 Transfer of sales from the previous contract (MAY 2021)
I see price has had a great run up, this is the 4H chart but the daily is speaking to me. Price has confirmed by a small pullback and now showing rejection at the 50-61.8% Fib levels, price showing an engulfing pattern at those levels. Soybeans is a touchy commodity, I would think.. like all commodities right now, more upside.. but certainly room for a relaxation...