SOYBEAN has been a long term downtrend for quite sometime. But latest data metrics is already hinting of huge turnaround soon. Massive reversal is already in order. Long term shift has been spotted at the current. Histogram data is already suggesting weighty net positions at the current range conveying the first stage of significant price growth ahead. This...
Soybeans Technicals (May) May soybean futures broke lower but found support at our 4-star support pocket which we've outlined in recent reports as 1128 1/2-1133 1/2. The Bulls need to see this pocket defended, a failure to do so could accelerate the selling pressure. Below this support pocket and prices are back in uncharted territory, the next support level...
Soybeans Technicals (May) May soybean futures attempted to hold ground yesterday, but it lacked conviction. Prices are giving back those gains in today’s trade. 1155-1160 is the first resistance pocket the Bulls need to overcome to help spark a bigger relief rally. A failure to do so keeps the potential for new lows alive and well. Bias:...
El Niño means little boy in Spanish. The fishermen in Latin America observed periods of unusually warm water in the Pacific Ocean in the 1600s around Christmas. El Niño can cause 50% variation in local weather in regions growing essential crops like beans, corn, and coffee. Soybean is a giant in global trade. It ranks among the top comprising more than 10% of the...
SOYBEAN FUTURES - MONTHLY SUPPLY AND DEMAND ANALYSIS Soybean sold at Monthly Supply Zone -> Destiny: Monthly Demand Zone I suggest make the following probable trades: - Sell Soybean until reach Monthly Demand zone - Buy Soybean from Monthly Demand Zone until Monthly Supply Zone
Sharp and strong stamping and we are likely to see it at the very strong demand area from where we get a strong signal that God willing
Type : Bullish Rise Resistance : 1508'4 Pivot: 1438'6 Support : 1400'4 Preferred Case: On the H4, with prices moving above the ichimoku indicator and broken out of the descending trendline , we have a bullish bias that price will rise from the pivot at 1438'6 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 1508'4 where the...
A good, strong ascent and now trades at a strong display area and good resistance and in penetrating it will continue to climb strongly
Type : Bearish Momentum Resistance : 1540'4 Pivot: 1494'0 Support : 1424'6 Preferred Case: On the H4, with price moving below the ichimoku cloud and within the descending channel, we have a bearish bias that price will rise and drop from the pivot at 1494'0 in line with the pullback resistance and 50% fibonacci retracement to the 1st support at 1424'6 where the...
Type : Bearish Momentum Resistance : 1580'4 Pivot: 1495'1 Support : 1420'2 Preferred Case: On the H1, with price moving below the ichimoku cloud and along a descending trendline , we have a bearish bias that price will drop to the pivot at 1495'1 in line with the swing low support. Once there is downside confirmation of price breaking pivot structure, we would...
Type : Bearish Momentum Resistance : 1579'0 Pivot: 1495'2 Support : 1426'0 Preferred Case: On the H1, with price moving below the ichimoku cloud , we have a bearish bias that price will drop to the pivot at 1495'2 in line with the swing low support. Once we have downside confirmation that price has broken past pivot structure, we would expect bearish momentum to...
Type : Bearish Continuation Resistance : 1697'0 Pivot: 1685'0 Support : 1667'2 Preferred Case: With price moving below the ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 1667'2 in line with the 78.6% fibonacci projection and swing low support from our pivot at 1685'0 in line with the horizontal overlap resistance,38.2%...
Type : Bullish Bounce Resistance : 1718'6 Pivot: 1692'4 Support : 1676'4 Preferred Case: With MACD moving in a bullish momentum and prices breaking the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1718'6 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our pivot of 1692'4 in line with...
Type : Bullish Bounce Resistance : 1679'2 Pivot: 1662'2 Support : 1650'2 Preferred Case: With price bouncing off our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1679'2 in line with the swing high resistance from our pivot of 1662'2 in line with the horizontal overlap support and 61.8% Fibonacci retracement . Alternative...
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...
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...
Hey there. Just one question, do you see any buying pressure in the Volume Oscillator? No? Yeap me too, so we will strong on short. Price will make(finger cross) a reversal at the trendline and we will be exiting our position in the next resistance turn support. P/S: My position was entered yesterday at 1412.6. The reason why I posted this is because some of my...