Weekly:
- Ichimoku setup is still bearish, but weekly Kijun Sen dropped and got close to price candle.
- Heiken Ashi candle this week has a smaller body with both upper and lower wicks, its body is within prev candle body. haDelta crosses back above SMA3, but both lines are still below zero level. This is a sign that the selling pressure could not accelerate...
Some exotic for today.
I really like to look at products which has been consolidating for long time.
Yesterday I published a post about wheat, corn and soybeans (see link below), where I showed you how soybeans has been moving sideaways in an appr. 5 %+ range. The case is same with Soybean Oil. It has been moving sideaways for 3 months now. Why do I think it is...
A While back I did a post on EURUSD Showing probability of the big move down we’ve seen.
Here is the Link: www.tradingview.com
About 3/4 of the page down I posted another chart with support levels. I received a few questions where I could tell other traders were looking to buy at the first major support levels.
I asked this Question: IF Price does start to...
Bean Oil (ZLQ14) is oversold in the medium and short term and could turn higher at this point. I'm entering long at 39.27 with target objective 41.87 (next resistance and median line) The target should be reached by 25June2014.
