Instead gapped down and have been working on gap fill. I would look for a short position with a stop on the “bull side” of the median.
As the saying goes, a failed bullish move is all the more bearish. Price gapped down at the median. I would try building a short position, with a stop on the other side of the median.
The price reversed the previous bullish sentiment on 1D and is currently neutral (RSI = 48.853, ADX = 28.377, Highs/Lows = 0.0000). The next long term direction should come after a lower test of (at least) the 0.500 Fibonacci retracement level. With 4H already on Lower Highs (Highs/Lows = -0.0750, B/BP = -1.5520) we have a TP = 8.637. ** If you like our...
I have noticed agriculture volumes were soaring recently, maybe I am out of touch but those are the numbers I had in mind before: Soybeans (5B), Corn (2B), Wheat (1B), Cotton (900M), Coffee (600M), Sugar (500M), Cocoa (300M) And now they are 2 to 5 times higher, what's up? ==> Soybean Futures 10-15 Billion, Corn futures 10-15 Billion, Wheat 4-5 Billion. Those are...
DANIEL BRUNO, CMT BE SURE TO SEE MY T-NOTE CHART LINKED BELOW LONG TERM TREND IS DOWN CURRENTLY AT THE 2/1 GANN, INFLECTION END OF MARCH AT CROSS OF 2/1 WITH THE 45 DEGREE 1/1
DANIEL BRUNO, CMT I HAVE NOT EVEN LOOKED AT A SOYBEAN CHART IN 13 YEARS PRICES HAVE RETRACED CONSIDERABLE SINCE THE HUGE RUN UP C. 2007 MONTHLY AND WEEKLY TIME FRAMES ARE BEARISH, HUGE RED ENGULFING IS LAST CANDLE
ZS Soybean fut pointing to positive trade outlook with gap up
Hi guys ! I post a trading idea for long positions at ZS1! . Recent WASDE report had a price projection for soybeans for 2019 about 900-910. As wee see also in the recent political scene trade war talks at G20 there is a good possibility to go far beyond as from 910. From technical analysis view at the monthly chart is long with target 1056 , RSI is tend to swing...
Soybeans (ZS1!) are consolidating (Highs/Lows = 0) near the 1D Rectangle's support (810 - 910). Based on this sideways pattern since late June, the price should now approach the 910 Resistance. We are long, TP = 900.
Soybeans are offering a short premium opportunity as price perhaps starts making a bit of a floor. I have sold a straddle at 840 w/ 45 DTE for a maximum profit of $2500. A few things made this an attractive trade such as the high implied volatility and price having reached a key support level where I hope price stays buoyed while I run out the clock and collect...
SOYBEAN FUTURES Buy idea @Demand ZOne 995.4 - 967.6 Buy Limit: 995.4 Stop Loss: 967.6 Take Profit: 1037
Massive H&S structure goes on. Look forward for HS continuation with further downside below 1000.
Look forward for gain starts in early April
soybeans and many other ags have rallied after dumping on the crop report and is possibly making a trend reversal after months of bearish action. I'm looking to pick up a long on a healthy pullback.
I find risk/reward of this trade quite attractive. Sell short at current price with stop above 1000. Fist (small) target @ 976, second target @ 942, third target @ 882.
Corn has broken and closed below it's wedge on a weeky time frame. We are looking for pullback triggers to get involved to the short side. Targets are identified and the stop will come from the trigger (on a 60 or 240 min chart)...NO TRIGGER, NO TRADE!
In the accompanying chart I show a high probability support zone for $ZS_F Soybeans at approx. $835 - 790 zone. If demand signals start flipping and firing, that may be a good place to go long. Meanwhile, in the absence of any real demand, I can't see a turn around. The recent lows look vulnerable.