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.
soybean We expect a decline in the soybean commodity in the coming period because trading is below the critical point of 1509. Currently, the continuation of the decline in wave ((iii)), which may reach prices 1373 or 1302 before rising again.
soybean We expect a drop in the soybean commodity in the coming period since trading is less than the crucial point 1509. Currently, we expect to complete the correction in wave ((ii)), which may reach prices of 1471 or 1480 before declining again.
This is a call I wanted to make yesterday, but didn't have time. With the time I had, there was a choice between this and a Nasdaq NS call and made the Nasdaq call: Nasdaq NQ - 8 Days & 1,700 Points But in fairness, I did pick up November options during yesterday's session, so at least I can say that much for myself, since this has some vibes of hindsight...
soybean It is now trading in a corrective wave ((B)) targeting 1521 and may extend to 1536 prices provided that the critical limit at 1784 is not breached. The drop is confirmed by breaking the 1373 point
Soybean we expect the decline in the coming period and the end of the correction in wave ((ii)). and the beginning of the decline. But the main resistance remains at 1432.26. Breaking this level indicates that there is a more corrective bounce, and the bearish scenario is over.
Snakes in a can is not a great metaphor for food. Nonetheless, that's the pattern that seems to be developing on wheat futures. All know that the world's food crops are not in good shape. Massive drought tends to kill plants, which ruins harvests, which causes some obvious downside effects in economies. Each year in recent years, we're running out of supply...
Because virtually the whole world is suffering from massive drought this summer, many crops are in bad shape. This is true with the U.S. cotton crop and it's also true with the U.S. corn crop, which according to USDA reports, barely half of is in good or excellent condition as of last week. This is significant because the U.S. is the largest global producer...
soybeans about to run up will love to see 6951 level purge then run into the weekly FVG not a trade advice
Soybean is in h & s pattern and looking to target 1486 with stop 1610
CME:HE1! CBOT:ZC1! CBOT:ZM1! On August 1st, USDA Daily Hog and Pork Report shows that benchmark Iowa Carcass Base Price averages $128/cwt. This is a 15% increase year-over-year, and a whopping 70% higher than the five-year average of $75. Is pork still affordable? Meanwhile in the futures market, while August Lean Hog contract (HEQ2) is quoted at...
See the picture for analysis. SELL: -We have price sitting inside daily supply right now so we can look for shorts on lower timeframes. BUY: -Possible long buy setup that broke daily downward trend lines + removed opposing supply. OR wait or price to pullback into daily demand and look for buys on lower timeframe with confirmation. -Bullish commodities with...
A good, strong ascent and now trades at a strong display area and good resistance and in penetrating it will continue to climb strongly
Dear investors, last week soybean market confirmed the start of a bear market, and through my analysis, I concluded that the price level of ZS shows a high probability to continue its downfall next week towards the 120s. Contact me for more details.