Go long next days, we have a strong probability that the copper will rise approximately 8%.
Go long next days, we have a strong probability that the soybeans will rise approximately 8% at least
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.
Soybean price rebounded from previous swing high Price may retest trendline above and probably breakout before another pullback into the range. Bearish momentum may go a bit further..
Soybeans (July) Technicals: July soybean futures were able to defend trendline support in the prior two sessions which helped spark a rally in yesterday’s trade. That rally has led to follow-through buying in the overnight/early morning trade with July futures making new contract highs. The market has been up here a few times in the past few weeks but failed to...
Many things are currently driving the bullish Ag markets. Oil/energy are heavily weighted in providing this bullish enthusiasm. The supply and demand for Corn and beans will be directly and indirectly impacted by Oil/energy markets. Energy Markets have the potential to react hard and fast on diminishing economic data. A strong economy should keep Oil and Ag...
Downward continuation as this strong resistance is in effect Green circle is the point at which this trend line is broken and an upward shift is seen (in white)
Type : Bullish Bounce Resistance : 1634'2 Pivot: 1611'0 Support : 1591'2 Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1611'0 in line with the 50% Fibonacci retracement and horizontal pullback support...
Beans – 3mo Continuous: Comparing our current Bull market with the previous major bull markets of the past 50 years. Currently the 24 mo ROC is at 92%. If beans move to the upper trendline in the $20.00 area it would be a 130% ROC and would “pale in comparison” to the 06-08 and 71-73 bull markets. A 200% ROC on the charts would look very ugly to some and...
Type: Bullish Bounce Resistance: 1710'4 Pivot: 1690'6 Support: 1682'2 Preferred case: We see the potential for a bounce from our pivot at 1690'6 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 1710'4 in line with 100% Fibonacci projection and 161.8% Fibonacci extension. Alternative scenario: Alternatively,...
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...
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...
Hello my friends, today I want to talk with you about Soybean futures price retest the sliding parallel with good separation FROM MY ANALYIS I THINK PRICE WILL GO bearish for now the bull scenario seems more logical. So be ready for such scenario. lets see Enjoy the market This is an article, not financial advice, always do your own research. If you have...
Title: Soybean futures (ZS1!), H4 Potential for Bearish drop! Type : Bearish drop Resistance : 1759'2 Pivot: 1728'4 Support : 1637'4 Preferred case: With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 100% Fibonacci projection...
Type : Bearish drop Resistance : 1728'4 Pivot: 1691'6 Support : 1637'4 Preferred case: With price expected to reverse off the ichimoku cloud resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 61.8% Fibonacci projection from our pivot at 1691'6 in line with the 50% Fibonacci...
Type : Bullish continuation Resistance : 1747'2 Pivot: 1656'0 Support : 1625'6 Preferred Case: On the H4 chart, price is near our pivot of 1656'0 in line with horizontal overlap support and 38.2% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 1747'2 in line with the horizontal swing high resistance and 78.6% Fibonacci...
Title : ZS1! (Soybean) , H4 awaiting bullish confirmation Type : Bullish continuation Resistance : 1755'2 Pivot : 1632'4 Support : 1578'2 Preferred case: On the H4 , price is near pivot level of 1632'4 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci projection. Price can potentially go to the swing high support of 1755'2 in line with 78.6%...
In daily Chart we are seeing an RSI divergance combined with high selling volumes, a bearish candlestick top, as well as a RSI divergance between highs from May 2021 in the weekly chart. The area of resistance is valid since 2008. I think we will get a small pullback before breaking the risistance later this year, if a financial recession occures in a few months.