Buy 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
Looking 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...
Aggressive traders ahead of tomorrow;s USDA report can look to Sell march soymeal at 3660 limit, if filled stop at 3990.
This 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...
The 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...
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.
My short analiz of instrument .I explain why I will recomend to buy ZM above my level.
Title: 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,...
Title: 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...
Title: 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...
Title: 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...
Title: 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...
Title: 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...
Title: 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...
Title: 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...
Title: 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...
Title: 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,...
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! ❤️