Type : Bearish Continuation Resistance: 1704'6 Pivot: 1687'6 Support : 1659'2 Preferred case: With price moving below the ichimoku cloud, we see a potential bearish continuation from our pivot level of 1687'6 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1659'2 which is in line with the...
Type : Bearish Continuation Resistance: 83'13 Pivot: 81'56 Support : 79'99 Preferred case: With price expected to reverse off the resistance of the ichimoku cloud, we see a potential bearish continuation from our pivot level of 81'56 which is in line with 61.8% Fibonacci retracement and horizontal overlap resistance towards our 1st support level of 79'99 which is...
1) Commodities are on a run 2) Soybeans is in an upward trend 3) Instrument $SOYB Teucrium Soybean ETF
Type: Bullish rise Resistance : 1726'4 Pivot: 1704'6 Support : 1688'4 Preferred case: With price moving above the ichimoku cloud and the ascending trendline, we have a bullish bias that price will rise to our 1st resistance in line with the 1726'4 in line with the swing high resistance from our pivot of 1704'6 in line with the 50% Fibonacci retracement and the...
Type : Bearish Continuation Resistance: 81.27 Pivot: 79.67 Support : 78.42 Preferred case: With price moving below the ichimoku cloud, we see a potential bearish continuation from our pivot level of 79.67 which is in line with 50% Fibonacci retracement towards our 1st support level of 78.42 which is in line with the horizontal swing low support. Alternative...
There has been a lot of talk since the Ukraine - Russia war started that the rising prices in the agricultural sector will cause a new Bear Cycle in the stock market. Commodities have been rising across the globe as a result of an inflation build up in recent years, accelerated by the COVID pandemic, but with agriculturals in particular, the story is a little...
Short Signal Entry LMT - 135.350 TP#1 - 131.600 SL - 138.600 **Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not indicative of future results**
March comes in like a lion and goes out like a lamb, and April showers bring May flowers. In the northern hemisphere, farmers are now planting the crops that will feed the world after the fall harvest season. Mother Nature is typically the primary determinate of agricultural products as the weather conditions determine if there will be enough supplies to feed the...
Type: Bullish rise Resistance : 76.62 Pivot: 73.05 Support : 71.50 Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 76.62 in line with the swing high resistance from our pivot of 73.05 in line with the 38.2% Fibonacci retracement and the horizontal overlap support....
Type: Bullish rise Resistance : 1693'6 Pivot: 1681'4 Support : 1666'0 Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 1693'6 in line with the swing high resistance from our pivot of 1681'4 in line with the 23.6% Fibonacci retracement and the horizontal pullback support....
When carry out stocks are plentiful and the market structure is more definable, spreads seem easy to manage. In the current domestic and world market structure of strong demand and less supply, it seems that trying to add value to hedges with capturing carry may be more of a risk play. It is wise to manage the risks we know and the risks we can. Carry...
Type : Bearish drop Resistance : 1643'2 Pivot: 1623'2 Support : 1579'6 Preferred case: With price moving below the ichimoku cloud and expected to reverse off the stochastics indicator, we see a potential bearish dip from our Pivot at 1623'2 in line 38.2% Fibonacci retracement towards our 1st support at 1579'6 in line with the horizontal swing low support and...
New Crop beans quickly moved up to fill the primary (162% retracement) target at 14.14 and continued further to 15.55. The Close below the blue Tenkan line will have Nov22 beans searching for price action down to the red Kijun line at 13.74. Volume by price is running low below 14.00 and that should concern the bulls as further risk would be in the 13.10...
Friday’s break into the cloud has the look for the short-term outlook to have a change in trend. From bullish to 1. Sideways or 2. Bearish….The blue tenkan line is about to cross under the red kijun line. The lagging indicator (gray line) is attempting to pass through and below previous price action. **notice the volatile activity during the time that the gray...
The 17.59 high left behind the week of Feb 22 had price action accelerate into the bull trap area (113%-127% retracements) and quickly fell back to close lower for the week. We had since moved up, but beans failed to find bullish energy to make a new high. The weekly close below the blue Tenkan line has the bulls on alert. Support below at 15.48 and then...
Type : Bullish rise Resistance : 1623'2 Pivot: 1580'0 Support : 1546'4 Preferred case: With price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1623'2 in line with the 38.2% Fibonacci retracement and pullback resistance from our pivot of 1580'0 in line with the 161.8% Fibonacci extension and...
Type: Bearish Drop Resistance : 1679'4 Pivot: 1667'4 Support : 1623'6 Preferred case: With price expected to reverse off the ichimoku resistance and the descending trend line, we see the potential for bearish drop from our Pivot level at 1667'4 in line 50% Fibonacci retracement towards our 1st support level at 1623'6 in line with the horizontal swing low...
Type : Bullish bounce Resistance : 1687'6 Pivot: 1660'4 Support : 1646'6 Preferred case: With price expected to reverse off the stochastics support, we have a bullish bias that price will rise from our pivot at 660'4 in line with the 100% Fibonacci projection to our 1st resistance at 1687'6 in line with the horizontal pullback resistance and 50% Fibonacci...