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ZLZ2016 Commodities Futures Chart


6 0 1
ZLZ2016, D
CBoT beanoil

Beanoil: The bull flag pattern that we detected last week on this chart failed. We want to take a break for now on this market and need to see what will develop during the coming 1 or 2 weeks.

7 0 1
ZLZ2016, D
CBoT beanoil no position

Beanoil: Price made a strong 3% move up during the Monday session after which it has been developing a pennant which is a continuation pattern. The pattern seemed to fail during last Friday's session when price made a move to the downside but still closed within the boundaries of the pennant pattern. We expect price to continue going up from here on very short ...

6 0 2
ZLZ2016, D
CBoT not going anywhere

Beanoil: Price made a 3% move up to the week which mostly came through during Friday's session. Price broke the 2 pivotal resistance levels at 33.75 and 34.29 during the week and close above same levels which, principally, will give price the possibility to trade up further and possibly reach the 36/37 level. Having said so, the move of the past week could also ...

5 0 0
ZLZ2016, D
CBoT beanoil remains neutral for now

Beanoil: This pice has given us quite a bit of headaches during the past week as it is just not going anywhere very fast. After a 'spinning top' during the week before last week price has now drawn a perfect 'doji' during the past week with an opening price of the first session of the week to be at exact the same level as the closing price of the last session of ...

3 0 1
ZLZ2016, D
CBoT beanoil still neutral

Beanoil: We have framed a bear scenario on this price for quite a long time now which was harshly interrupted by the fierce upswing during the first half of August and, to a lesser extend, by the corrective move up during mid September. As long at the most recent high of 34.83 of August 23 remains unbroken we can keep our bear scenario intact but we would like to ...

5 0 0
ZLZ2016, D
CBoT beanoil sidelined

Beanoil: The impulsive and strong move up during the early stage of last week hit our stops and forced us out of the market place. Looking at it from the sideline we see that the last crucial barrier between current levels and the 36/37 level has not been broken. At the same time, however, we are not convinced that the sideways move and especially Friday's lower ...

Olu Olu ZLZ2016, D, Short ,
33 0 2
ZLZ2016, D Short
Soybean Oil: There May Be Some Downside Ahead

Comments on the chart. Price taken out the high of the bearish engulfing candle is the first sign that this idea might be failing

Remko Remko ZLZ2016, D, Short ,
3 0 0
ZLZ2016, D Short
CBoT beanoil remains a short play

Beanoil: Price started the week with quite an impulsive move to the downside of well over 4% in just 2 sessions but made a relatively strong corrective move back up during especially the Thursday session. Nothing changes in our outlook and we maintain our bear bias. We expect price to continue its downtrend immediately from Monday's opening onward. The crucial ...

3 0 3
ZLZ2016, D
CBoT Beanoil still undecided

Beanoil: Price keeps us in doubt on where to look for the short term. Longer term we remain bearish with a price target at 2600 or lower but our key question for today is where price will move during the coming week. We wanted to see either a decisive break of the 3260/3250 level and a break of the 3220 mark after that or a move to the upside to reach for 36 ...

12 0 3
ZLZ2016, D
CBoT beanoil stopped out and waiting

Beanoil: During the 2nd half of August we were taken a bit by surprise by price's upswing which stopped us out from our bear bias. The picture of today does not really give us a very clear vision on the nearby future. Principally, we should see price resuming to the upside from here and especially now to seek for the 36/37 zone from where price can resume its ...

11 0 2
ZLZ2016, D
CBoT beanoil stopped out and now neutral

Beanoil: Price posted a solid gain of over 6% during the first 3 days of the week after which 2 'Hanging Man' candles were formed. This could be a sign the end of the rally is imminent but same needs confirmation. We have been calling for lower levels and with a rise of over 11% the contrary happening during the past 2 weeks. Stops were hit and it is time for us ...

Remko Remko ZLZ2016, D, Short ,
8 0 3
ZLZ2016, D Short
CBoT beanoil remains a short play

Beanoil: Price has traded up further than our liking and than what we were expecting. The overall picture remains a bear biased scenario for us with a possible further swing up to 33.50 now which is a 61.8% Fibonacci retrace level. We expect decline of price but with keeping the Fibonacci resistance level in mine and we expect accelerated volatility of the down ...

Remko Remko ZLZ2016, D, Short ,
14 0 0
ZLZ2016, D Short
CBoT beanoil

Beanoil: Nothing new from this chart this week. Price traded to mildly higher levels during the past week and has reached its support level within the descending price channel. There could be a bit of overshoot to the upside from here but we expect price to reverse resume the downtrend during the coming week.

Remko Remko ZLZ2016, D, Short ,
8 0 1
ZLZ2016, D Short
CBoT beanoil maintaining short

Beanoil: Nothing really dramatic changed in our views on this chart although the move to the downside is less steep than we were expecting initially. Price basically made a sideways move during the week with a long tailed 'hammer' on the weekly chart (not displayed). A 'hammer' is an indication that the end of the move down is imminent so that is something to keep ...

Remko Remko ZLZ2016, D, Short ,
17 0 1
ZLZ2016, D Short
CBoT beanoil maintain short

Beanoil: Price has been moving sideways longer that we would have thought and liked which made us think that we might have to get back to the drawing board. Last Friday's session gave a very strong move to the downside with a higher high but a lower close that the 2 previous sessions which makes it a 'double key reversal' which is a very powerful reversal pattern. ...

Remko Remko ZLZ2016, D, Short ,
12 0 1
ZLZ2016, D Short
CBoT beanoil still on track

Beanoil: Price has been moving sideways during the week but principally keeps following our preferred descending channel and nothing has changed in our bias. The 32.50 level is our 'reconsidering level'.

Remko Remko ZLZ2016, D, Short ,
10 0 1
ZLZ2016, D Short
CBoT Beanoil maintaining short play

Beanoil: Price keeps following our preferred route that we have put on the chart about a month ago and there is little to add to that. We have drawn a descending price channel in which price seem to be moving to the downside. Our targets remains unchanged, trails keep being trailed down along with price and traders with a short position enjoy the ride. We will ...

Remko Remko ZLZ2016, D, Short ,
6 0 1
ZLZ2016, D Short
Beanoil CBoT

Beanoil: Nothing has changed on this chart as far as we can see. Price broke its previous low of 31.42 and has now the door open to continue trading further down. Our July 1 target was not reached due to a correction up during Thursday's trading but that has not changed our bias.

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