Soybeans Technicals (May) May soybean futures attempted to hold ground yesterday, but it lacked conviction. Prices are giving back those gains in today’s trade. 1155-1160 is the first resistance pocket the Bulls need to overcome to help spark a bigger relief rally. A failure to do so keeps the potential for new lows alive and well. Bias:...
Soybeans (ZS1!) has been trading within a Channel Down pattern since early 2023 just last week, it almost hit its bottom (Lower Lows trend-line). So far the price has reacted with a minor rebound, while the 1D RSI has been on a major Bullish Divergence (Higher Lows against the price's Lower Lows). This is the best buy signal since the May 31 2023 bottom where...
10yr Corn outlook: Potential course of the Bean market for the next 10 years. Previous inflationary markets have caused for the multi year market structure to step up in price ranges. Before that range is found, Beans will need to mark a pivot high enough to ration some future demand. The low found after a major high is made, could mark an area for the future...
Adding to ZS shorts now, currently up on core position. Riding the weekly 200 da MA, bearish rising wedge. 15 min lost the MA on low time frames. Not advise, good luck.
Short ZS again. Argument for a triple top. Weekly might print a long legged doji. Moving average acting as continued resistance. Red line invalidation. Not adavise, good luck.
Short term trade entry (ZS Soybean) with risk/reward of 2.03.
Opening shorts on ZS here. 50% allocation. I longed the deviation out the bottom descending trend line, I will short hte deviation of the top line of channel. Stops in place for acceptable loss. Will add if we get back in channel
As above. Rising wedge on the 1D chart...breakdown >>>> breakout potential. 1300-1280 possible target if turns bearish. Good luck traders!
Not even sure what this company does. Saw the massive descending wedge and the long legged doji candle and longed $88.09. Sold the 200 MA. Shorting here. 25% allocation for this trade. Weekly Stoch 100/100. Just a matter of time, impossible to short the exact top. Not advise obviously
Banks might be toast but the Fed isn't done until tofu comes crashing down in a H&S pattern. If they don't raise rates next week, everything pops back up. My guess at this point is .25% because the Fed is usually more hawkish than ECB, so I doubt the Simple Jack Powell keeps rates the same. I doubt he does .5% though, that would absolutely tank the market. Of...
Title: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1535.00 Pivot: 1514.00 Support: 1490.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly drop...
A fractal is a fractal is a fractal. A black cat told me over breakfast this morning.
Title: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1535.00 Pivot: 1492.25 Support: 1457.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly...
Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1535.00 Pivot: 1492.25 Support: 1457.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price...
Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1509.00, where the 38.2% Fibonacci line is. Stop loss will be at 1537.50, where the recent high is. Take profit will be at 1465.50, where the 38.2% Fibonacci line is. Please be advised...
Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price...
Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price...
Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price...