Rocking in a parabolic fashion. "Ask Bevis- I get nothing butthead" RIP BIG L
Hi, today we are going to talk about Soybeans and its current landscape. The Corn and Soybeans could (or not) give a sweet surprise for investors and U.S farmers as the Corn Belt it's poised to once more fall on Donald Trump grace, after a tough year for farmers, that already it's been hurt by the ongoing Trade War between U.S and China, and felt backstabbed by...
A nice rising wedge pattern is forming on this chart. It would be wise to enter a short on the break of the counter trendline on the weekly chart. The market is largely in a bearish move that can be maintained if enough sellers creep in.
Hi, today we are going to talk about SOYBEANS We observe a D1, some important points. The details are highlighted above. Thank you for reading and leave your comments if you like. Join the Traders Heaven today, for more exclusive contents!
OANDA:SOYBNUSD chart on daily time frame interestingly forms an inverse head and shoulder pattern and makes quick breakout upwards. We are yet to test the support and see if it can bounce of that levels. Currently its at a short term resistance zone where a lot of price action has taken place in the past. The story so far, we saw a dramatic and sharp fall in...
Finally! Soybeans has broken out of the range its been trading at on the weekly time frame for almost a whole year. Wow. Will price continue to go up? Probably, I'm going to wait for a delicious retrace before entering long. Now since this is on the weekly time frame this might take a week or two before a setup emerges. Be patient, wait for confirmation, wait...
Looking at the long term chart, soybeans are poised to make an aggressive move to the upside. However, this can happen in two flavours: a failure at the 9.224ish level followed by a correction and an extension of the building divergences, or, a break past that level followed by more upside. If the price hits the aforementioned price target and stalls out or...
DAILY CHART EXPLANATION: On this timeframe, we observe that at this moment the Resistance Zone is trying to be broken. if price can consolidate above, then we expect a corrective movement towards the Support Zone (broken resistance zone) before continuing the Bullish Movement. The first target of the upside move is the Resistance Zone at 10.30 zone. WEEKLY...
I have been trading the agricultural commodities much more lately. On a long term approach (investing) I am bullish agricultural because I see food supplies diminishing due to weather. Just this Spring and Summer, crop yields did not produce as much as before and according to information on Martin Armstrong's blog, farmers planted crops late in the East due to a...
China's Buying Soy!!! Oi Oi Oi - BULLISH
Soybeans: 34 Day SMA presses 500 Hull and Up Up & Away
Like what I am seeing here on Soybeans. We have a fake out indicated by the long wick at a very big support zone which can also be seen on the longer term charts. This interests me because of the long downtrend with multiple waves we have been in. You can also say we have created a double top too. Waiting for a break of the lower high swing and also a flip zone...
As from the current chart configuration, soybeans show us 2 possible outcomes. OANDA:SOYBNUSD is downtrending since mid july and might continue. The 8.47 level have been acting as support and resistance way back july 2018. The level have shown interest again twice this year. Knowing this, price should either break the level or bounced. in the scenario price...
4H CHART EXPLANATION: The 4H corrective movement was broke a few days ago, it was an Ascending Structure correcting the previous Downside impulse. Now it seems that price is trying to continue towards the Support Zone. If this one is broke then there are two Daily Support Zones at 8.10 and the other at 7.80. MULTI TIMEFRAME VISION: -Daily: -Weekly:
I was entering long here not that long ago. The breakout did not develop into anything and I was stopped out with a few pips in profit. Right now however I see that failed bullish formation may turn into bearish pay. I often see this in the market, if underlying security failed to do one thing it will do the opposite. I would be cautious right now and get out fast...
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4H CHART EXPLANATION: At the beggining of May, price started a strong bullish movement towards the Weekly Descending Trendline. Once it faced the zone, it could not consolidate above and the trend became weaker. Then started moving sideways and it has recently formed a Triangle Patter, which was broke downwards yesterday. We expect a downside move towards the...