Agricultural commodities, led by grains rose sharply in 2022. The two main catalysts for the upside in price were the Russia-Ukraine war alongside other supply challenges. There has been a number of cascading events around these two catalysts involving government interventions globally as food prices soared. However, from mid-October the renewal of the Black Sea...
SBO making a downtrend movement since Nov 2022. Based on EW rules.. price now should make Wave 5. Target to nearest support + Fibo extension 0.618. Another 2.8% movement. If we use this data for FCPO, there will be another around 100tick price to go down.
View On Soy Bean (26 Jan 2023) What a lovely Bullish Price action we had. It also have a strong monthly swing level (1450~1470) to boost. I am expecting the price of Soybean is to go UP further. The momentum will pick up stronger once the price has broken up 1510 region. Le't find out. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries...
Soybeans have proved itself one of the strongest commodities the past few months. As soybeans makes another leg up it looks like a H&S pattern could be forming. Set your alerts, this could a good trade!
The main view of this trade idea is on the Daily Chart. The commodity Soybeans appears to have found some support around the 1350 price level. The commodity is in a trend channel higher and once that trend channel holds, could rally towards 1800 over the next couple of months. This view will be negated if Soybeans fall below 1420. Technical Indicators The...
CBOT: CBOT:ZW1! , CBOT:ZS1! , CBOT:ZC1! , CME:HE1! This is the second report in the series “Year of the Rabbit: Short-tailed Trading”. US inflation began to pick up in March 2021 and rose rapidly throughout the year. Federal Reserve officials told Americans not to worry. It was due to supply chain issues and comparisons to low baseline numbers in 2020...
as we can see the apparent divergence was shown between April 2021 and April 2022. followed by a drop-down below 0.236 Fibonacci level. the price is still moving in a trading range which makes it hard to predict his next move. Break bellow MA 209 with Big Volume signal a short entry.
ZL has a Head-Shoulders pattern after a long Uptrend. a break through the nickel is a signal of entering short with a 1/4 risk-reward ratio. Let's see if the market will confirm my analysis.
Beans have topped in a similar way multiple times this year. Rallying hard and giving it back intraday for a terrible looking candlestick.
The Soybean futures market is generating a buy signal based on the monthly time frame based on the "Time@Mode Methodology". Notice the 8 month sideways action around the green horizontal line in 2021 which set up what turned into a 7 month rally into June 2022. When "time expires" the market tends to form a new mode at that price level (within the range of the...
Hidden MACD Bearish Divergence at the PCZ of a Bearish Bat on the 2 Hour
January23 Soybeans – Daily: Back to a daily chart with a few weeks remaining on the Jan contract and trying to narrow the focus for end of year contract activity. The break above the black downtrend line was short lived, Thursday’s close found support at the red Tenkan line. Monday & Tuesday need to come out strong and sustain price above the cloud at 14.42 and...
Soybean – Weekly Cont: The cloud above offers tough resistance at last week’s high of 14.77. A weekly close into the cloud above 14.77, the red Tenkan line will be the next strong resistance at 15.36 (also a 50% retracement target). Support below is the blue Tenkan line at 14.14 and then an uptrend line climbing from 14.00. A failure below could have beans...
This bottoming pattern has shown up in each of the past 6 moths
Hi✋🏽 Within the short trend, we have seen a nice countertrend built by the buyers and the sellers. It seems that this countertrend is turning in the direction of the main short trend. What do you think??? Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price....
Hi Everyone!✋🏽 As you probably know, I analyze price action and price went into countertrend on H4, testing the previous D/H4 south breakout with a nice wick. From here after 1-2-3 and through the short trigger zone, chances are high that targets on the chart will be met. If countertrend never brakes all the way through the long trigger zone, I switch to the...
Hi Everyone!✋🏽 Soybean is technically in a downtrend. The first target that is the last daily low, where the correction of the short impulse wave has started. Can be reached until the validity zone stands the pressure from the buyers. ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Trade safe! ⚪️⚫️...
Soybeans is looking decent with a nice bounce off of the GP and a technical swing failure of the local lows. The price must close above the parallel channel for me to hold this long.