Double bottom on CORN weekly, this is supported by the RSI bullish divergence signaling a reversal of the previous downtrend.
Ending my posts of major themes to look for in 2021, I want to end with the agricultural commodities. Particularly Corn, Wheat and Soybeans. The agricultural commodities are some of my favorite assets to trade, and I do not think many people pay too much attention to them. I focus on the three mentioned above, but you can also trade sugar, coffee, cocoa, orange...
CBOT:ZS1! . Looks like it's headed >$15000, rather relentlessly. This very well could get up there something like this;
This is what your portfolio should look like. Then you will Always have some assets that gain when others lose and whenever something has crashed and started to turn around, you can just sell the assets that have gone well under the same period and buy more of the assets that have crashed.
Today we discuss how the grain markets weekly opening day closed and risk levels where our trades get invalidated
Weekly analysis for ZSF2021 Week 50: 07 December to 11 December 2020 Following up last week analysis, the Resistant level at $1,200 remained in tact and our key level at $1,161 had been penetrated. Therefore, now we are looking to sell as the direction had changed. Here is my personal trade call for this week : Short now or Sell Stop at $1,154.00 Stop Loss (SL)...
I think we have a nice setup to buy the dip in Soybean futures or using $SOYB. It's a rather big contract, so keep that in mind if trading futures. There's a long term trend signal active, for many more months still, so any dip is a buy if you're patient enough. I highlight a trend that reached its peak in the daily timeframe here, so, a retracement entry is...
Weekly analysis for ZSF2021 Week 49: 30 November to 04 December 2020 Here is the playbook for Week 49, overall it is still Bullish. (a) Currently on H4, the price is forming a bullish flag with $12,000 is the current Resistance Level. (b) It may not be a straight forward bullish; the real key level is at $11,161.50 (area). What does this mean? (1) If the price...
I have "bean" watching Soybeans for sometime now. I see price has entered an area of resistance, has hit a whole number of $12 and my heatmap indicator is showing divergence. Price has fallen through my trendline. I will be going short. On the daily charts, a couple of shooting stars are present. Enjoy!
Weekly analysis for ZSF2021 Week 48: 23 to 27 November 2021 From 1st June 2020 until today, Soybean prices has been very (strong) bullish, especially in November. On the weekly Time Frame we can spot the decision level is at $1,150, however from the current price is still quite far. There is no sign of reversal yet, even on Daily chart, momentum still slower,...
Weekly Chart I'm watching this chart for a fade in the future. A serious run up, caught some upside on this one. previously post.
Weekly analysis for ZSF2021 Week 47: 16 to 20 November 2021 After a long rally, retracement was formed (in a mini down trend channel) and it broke to fill the Supply Zone. There two ways to trade this formation: (a) Aggressive Mode Solely based on the Price Action and we can reap better Risk Reward Ratio by sacrificing a small risk. Sell Limit at $1,153 Stop...
Weekly analysis for ZSF2021 Week 46: 09 to 13 November 2021 Market was pushing the price higher and made a new Higher High last week. The Head and Shoulder formation was not happening, on Friday the momentum was slower and today not much happening too in Asian session. Overall trend is still bullish, but don't jump to the band wagon now; we better wait at a...
Weekly analysis for ZSF2021 Week 45: 02 to 06 November 2021 Overall, this week I am very bearish bias. There are two spots of level which give us a good profit ratio: (1) Sell Limit at $1,065 (2) Sell Stop at $1,035 There is no trade call today (this week), just a few guidelines: a. If you are shorting now or still haven't closed your trade from last week...
Weekly analysis for ZSF2021 Week 44: 26 to 30 October 2021 Soybeans is persistently soaring higher and higher, there was no sign of slowing down. Even today, there is no strong seller sighted yet; looking at from the momentum movement, the market may show a sign of deceleration. However, until we see a Strong Seller, then we can say that the momentum has changed...
Weekend Market Updates & Analysis 25 Oct 2020 Note: If you would like to receive this the latest updates immediately without 3 days release, please search for my site Palm Analysis. Recap 1) Let’s start the report with a review of last week’s update and market conditions. You can read last week’s report by clicking here: Weekend Market Update – 18 Oct 2020 |...
CBOT:ZM1! Self explanatory.