Soybean futures have been trending higher since reaching a low of $8.0825 per bushel in April 2020. The rally intensified when the price rose above the $9.50 level in late August. The move over the February 2018 high and critical technical resistance level at $10.71 in October set the oilseed futures on a path for beans in the teens for the first time since 2014....
#Soy reversed from support area and likely to rise to resistance level 1450 #Soy (Buy idea) ⬆️ Take Profit: 1450 Entry Price: active Stop Loss: 1410
Last week our target at $1440 had not been achieved, the price went down and made a retracement at the end of the week. Overall it is not a Sell yet, we are still within Buyers area ($13.90 to $14.24). The immediate Decision Point (DP) is at $14.24 where if it breaks, then we anticipated that it will go to our $14.40 level (which we will sell). If it doesn't...
This is the type of inflation that the masses ignore, that happens while they cheer at Chavez stimulus checks. Look at images of Venezuela 15 years ago, so many smiles, so happy crowds. While Germans were carrying buckets of cash and starving actually farmers were doing pretty well, they profited greatly. Probably for similar reasons the clueless revolutionaries...
This week, especially today (Monday), is a good day to scalp until the price reaches $14.40 area. Personally I will wait to sell once the price is at Seller area as I am aiming to have a good swing trade. Here is my setup: Sell Pending Order at $1440 Stop Loss at $1464 Take Profit at $1322 RRR = 4.87R Let me know if you have a different idea, we can discuss it...
Hello Everyone, In case you trade commodities and Soybeans in CFDs... Even though the trend is decelerating and slowing down considering the previous HL(s), I forecast there will be another wave... Let me know what you think :)
Based on last Friday closing, I would expect the price to be bullish to $14.43 and making a retracement there. However, I was proven wrong, the market gap up and push the price higher than $14.43 There is no more references that I can use as there is no data on the "left"; the only way to read the market is only by reading the Price Action. I did some research on...
why did i but soybeans?? well its the number one thing used in Vegan veg food like tofu and other things of such. with the moment to the veg life i would only assume that the demand for soy would only go up:) also wanted to diversify my portfolio more so i decided to buy this!!!
Patience is one of the key traits in trading. Last week we did not see much action, the price is ranging in a tight movement 20.4 points for a whole week. This week we are still waiting for a confirmation to short the market: (1) Price level at $1,390 is being respected and currently creating a "fake out" line. (2) My reversal zone remains at $1,400 (for now) (3)...
My overall sentiment is still Bearish bias . Today the opening price jumped 14 points and the bull kept running to the nearest Supply Zone. In general view, the seller is still strong and therefore, we participate in selling too. The nearest SELL area is between $1,395 and $1,400 (5 points zone), with a Stop Loss at $1,411. Our first Take Profit level is at...
Following up last week analysis, the price will be visiting Supply area prior going down. My personal Sell Order will be at $1,417 (it depends on the price action in the next 2-3 H4 candles, I may short it early too). The stop loss will be at $1,438 (New Higher High) and our Take Profit will be quite low (at least $1,275). The simple sign will be at $1,417 area,...
With prices for corn futures, wheat and soybeans on fire, the prospects for fertilizer companies like Nutrien have never been better. The stock trades at only 1.4x book value and pays a 3.5% dividend yield. Earnings surprises (like the prior two quarters) are likely to continue.
Target - green box Invalidation level - red line
On H4, the price has broken the down trend channel and making a Higher High. From 27 January to date, the price movement is forming another flag on the higher band; also, to add some confluences, if we observed the Price Action on the candle stick, there were some rejection to go down. Based on the above, I think the price will pick up some liquidity at $1,417...
Let's keep it short, this week the price will be in ranging mode. The range is between $1,338 to $1,280. If you have shorted earlier, you can take profit some of your positions and keep some until it hits full TP at $1,280. If you are a speculator, now it is a good time to Long (buy) the market, but you must exit at $1,338 area; then switch to Short the market. In...
Simple soybeans vs US. Presidents chart to see if there are any trends worthy of paying attention to.
Week 03 analysis for ZSH 2021 . The price is now ranging at the lower band of the trend channel, and on the structure wise, there is no Higher High forming. It indicates the formation of the "head" and sellers are starting to jump in the market. Our key level remain at $1,370 and once the price passed below that level, our probability to short is higher. Stay tuned.
Apology for the late post. Week 02 for ZSH 2021 is still bullish looking. Yesterday on H1, we can see the price movement candle by candle that there were no sign of weakness. In the last hour of market, it created a strong rejection and buyer jumped in with a significant momentum. Let's see on the overall picture in H4, the movement is still within the Uptrend...