ZM: Level Setting up, Awaiting BOSLevel setting up, awaiting break of structure, bull momentum, new micro level to set up a second leg.
ZMN2027 trade ideas
Buy May soybean meal at 340.2, stop at 328.2, tgt at 354.2Buy May soybean meal at 340.2, stop at 328.2, tgt at 354.2 - Our ALGO sees a potential for short covering in the soy complex
Sell H Soymeral at 352.0 limit. If filled Stop @ 361.5, tgt338.6Looking for a bounce on a down trending market
Sell March Soymeral at 352.0 limit. If filled Stop at 361.5, tgt 338.6
Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future results**
hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve fina
ncial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Sell march soymeal at 3660 limit, if filled stop at 3990.
Aggressive traders ahead of tomorrow;s USDA report can look to Sell march soymeal at 3660 limit, if filled stop at 3990.
Soy Meal Opportunity Launching Pattern Symmetrical TriangleThis is a 1 year rectangle with an 8 week symmetrical triangle offering potential launching pattern - breakout using 30 day ATR of 5 points (45-50%) would target 500 mark offering the trader 65 points x 100 or $6500 for each future traded. Of note, a prior symmetrical triangle in the pattern also occurred and reached the target. Its very likely the 1 year boundary will remain stable offering a trader profits and opportunities while trading within the boundaries.
Soybean Crush Processor Margin w CalcThe soybean crush spread calculates how much profit a soybean processing plant can generate by crushing a bushel of soybeans into soybean meal and oil. The profit margin is that profit number divided by the revenue which is the price of the meal and oil outputs. I prefer to look at profit margin as opposed to just profit as it adjusts for large market fluctuations over time and is more meaningful from a business and analysis perspective.
I was not able to come up with any tradable theories based on this analysis. I added live cattle and lean hogs to try and figure out what’s going on with soybean meal reaching multi-year highs this week. It appears that move is correlated with live cattle reaching new highs. Soybean meal is rising while soybean oil is falling. Soybeans are pretty flat although slowly rising. I will continue to monitor this spread for clues about future soybean, soybean meal, and soybean oil movements. If anyone has any insights on crush spreads, please share.
The calculation of the spread is shown below:
Weekly Forecast (December 27 – 30, 2022)Uptrend scenario
An uptrend is not expected, but possible correction to 466 – 471.
Downtrend scenario
An downtrend will start from resistance 466 – 471 or as soon, as the market drops below support level 443.4, which will be followed by moving down to support level 420.
ZM long higher 411,3My short analiz of instrument .I explain why I will recomend to buy ZM above my level.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 441.4
Pivot: 404.5
Support: 418.8
Preferred case: The current bias for ZM1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud , indicating a bullish market. Overnight price had some bearish momentum, and it is currently trading at 1409.50. If the overall bullish momentum continues, price may head towards the resistance at 441.4, where the previous high and 100% Fibonacci line is located.
Alternative scenario: Price may retrace downwards and head towards the 418.8 support level , where the 50% and 23.6% Fibonacci lines are located.
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 441.4
Pivot: 404.5
Support: 418.8
Preferred case: The current bias for ZM1! on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Overnight price had some bearish momentum, and it is currently trading at 1409.50. If the overall bullish momentum continues, price may head towards the resistance at 441.4, where the previous high and 100% Fibonacci line is located.
Alternative scenario: Price may retrace downwards and head towards the 418.8 support level, where the 50% and 23.6% Fibonacci lines are located.
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 418.0
Pivot: 404.5
Support: 399.3
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bullish . To add confluence to this bias, the price is currently above the Ichimoku cloud which indicates a bullish market. Overnight, price has continued bullish moving above the pivot level at 404.5 where the 0% Fibonacci line and 23.6% Fibonacci line are located. Expecting this bullish momentum to continue and for price to head towards the resistance line at 418.0 where the 50% and 23.6% Fibonacci lines are located.
Alternative scenario: Price may head back down towards the Pivot level at 404.5 where the 0% Fibonacci line and 23.6% Fibonacci line are located.
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 404.7
Pivot: 392.0
Support: 399.3
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish . To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Overnight, price closed under the 1st resistance level at 404.7 where the 0% Fibonacci line and 23.6% Fibonacci line are located and tapped onto the 1st support at 399.3 before having a slight bounce. Expecting this bearish momentum to continue and for price to head towards the Pivot line at 392.0 where the 0% Fibonacci line and previous low is.
Alternative scenario: Price may head back up above the 1st resistance at 404.7 and head towards the 2nd resistance at 418.0 where the 50% and 23.6% Fibonacci lines are located.
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 404.7
Pivot: 392.0
Support: 399.3
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Overnight, price closed under the 1st resistance level at 404.7 where the 0% Fibonacci line and 23.6% Fibonacci line are located and tapped onto the 1st support at 399.3 before having a slight bounce. Expecting this bearish momentum to continue and for price to head towards the Pivot line at 392.0 where the 0% Fibonacci line and previous low is.
Alternative scenario: Price may head back up above the 1st resistance at 404.7 and head towards the 2nd resistance at 418.0 where the 50% and 23.6% Fibonacci lines are located.
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance:418.0
Pivot: 392.0
Support: 404.7
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish . To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Price has reflected off the 1st resistance level at 418.0 where the 50% Fibonacci line and 23.6% Fibonacci line are located and looks to be retracing back down towards the 1st support at 404.7 where the 0% Fibonacci line and 23.6% Fibonacci line and previous swing low are located.
Alternative scenario: Price may continue bullish and close above the 1st resistance level at 418.0 where the 50% Fibonacci line and 23.6% Fibonacci line are located
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance:418.0
Pivot: 392.0
Support: 404.7
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Price has reflected off the 1st resistance level at 418.0 where the 50% Fibonacci line and 23.6% Fibonacci line are located and looks to be retracing back down towards the 1st support at 404.7 where the 0% Fibonacci line and 23.6% Fibonacci line and previous swing low are located.
Alternative scenario: Price may continue bullish and close above the 1st resistance level at 418.0 where the 50% Fibonacci line and 23.6% Fibonacci line are located
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance:418.0
Pivot: 392.0
Support: 404.7
Preferred case: The current overall bias for ZM1! is bearish , according to the H4 chart. To add to this bias, the price is currently below the Ichimoku cloud , indicating a bearish market. However, price has been rising bullishly upwards since the 7th of October, with price touching the first resistance line at 418.0, where the 50% and 23.6% Fibonacci lines lie. If the bullish trend continues, price will break above the first resistance line and continue to rise.
Alternative scenario: Price may retrace back down towards the 1st support at 404.7 where the previous low and 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance:418.0
Pivot: 392.0
Support: 404.7
Preferred case: The current overall bias for ZM1! is bearish, according to the H4 chart. To add to this bias, the price is currently below the Ichimoku cloud, indicating a bearish market. However, price has been rising bullishly upwards since the 7th of October, with price touching the first resistance line at 418.0, where the 50% and 23.6% Fibonacci lines lie. If the bullish trend continues, price will break above the first resistance line and continue to rise.
Alternative scenario: Price may retrace back down towards the 1st support at 404.7 where the previous low and 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance:418.0
Pivot: 392.0
Support: 404.7
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish . To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. However overnight, price has closed back up above the 1st support at 404.7 where the 0% Fibonacci line and 23.6% Fibonacci line and previous swing low are located. If the bullish momentum continues, expect price to continue heading towards the 1st resistance level at 418.0 where the 50% Fibonacci line and 23.6% Fibonacci line are located.
Alternative scenario: Price may close below the 1st support at 404.7 and head downwards to the pivot at 392.0
Fundamentals: There are no major news.
ZM1!: Long Trading Opportunity
ZM1!
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long ZM1!
Entry - 405.4
Stop - 396.8
Take - 418.3
Our Risk - 1%
❤️ Please, support our work with like & comment! ❤️
Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance:418.0
Pivot: 392.0
Support: 404.7
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. However overnight, price has closed back up above the 1st support at 404.7 where the 0% Fibonacci line and 23.6% Fibonacci line and previous swing low are located. If the bullish momentum continues, expect price to continue heading towards the 1st resistance level at 418.0 where the 50% Fibonacci line and 23.6% Fibonacci line are located.
Alternative scenario: Price may close below the 1st support at 404.7 and head downwards to the pivot at 392.0
Fundamentals: There are no major news.
Prime time for soybean meal?Similar to our previous idea , we think grains are primed for a move. With soybean meal futures jumping over 10% from last week, some technical set-ups have come into play.
Firstly, the September soybean meal contract shows a 7-month head-and-shoulder pattern which failed. A broken right shoulder suggests bullish strength.
Secondly, the December soybean meal contract is showing a bull flag that is breaking out, which is also a bullish signal.
Combined, we believe soybean meal futures are primed for an upward move with both technical set-ups proving bullish.
Entry at 435, stops at 420. Targets at 468 & 490.
ZM1! (SELL)We have a continuation pattern, a bullish channel after a fall and a breakout of this channel.
