Soyameal: No new input to be seen on this chart from last week and we have left the chart unchanged. We anticipate further decline in price during September.
Soyameal: Nothing much new to add to the picture of this chart for now and we keep our bias unchanged for lower values. During last Thursday's session price broke its recent 321.20 low which was confirmed during the session of last Friday and the way is now open for price to trade toward the next recent low at around the 280 level that we expect to reach during...
Soyameal: Price has been moving sideways more than anything else during the past week and reversed on Tuesday after an initial and minor swing up. Thus far price is following our preferred path reasonably well and we keep our target on lower levels and have even trailed down same target to the 285/275 level after which we expect even lower levels from there. No...
Soyameal: The pattern and chart of this price shows quite some resemblance to that of the soybeans price with a far from perfect 'bear-flag-pattern' and a still preferred part to the downside. We keep our focus unchanged to the downside and have trailed our critical resistance level down to the 350/355 zone where. if broken to the upside, we will reconsider our...
Soyameal: Nothing much new on this chart and price is following the preferred path of our bear-flag pattern reasonably well. We anticipate further decline from here although price could make a furthers wing up for a couple of days. We will start reconsidering our bear bias if and when the 370/375 level would be broken to the upside but until then we keep our views...
Soyameal: Similar to the soybean chart the price in soyameal failed to make a decisive reversal during the first 2 sessions of the week which made us abandon the bull scenario and start looking for further decline of the price to the 300 level during the rest of August. If and when price would break the 370/372 level to the upside we would start considering our...
Soyameal: Price has arrive at our target ahead of time and drew a beauty of a 'hammer' on the chart. A 'hammer' is a very reliable bode that the end of the downmove is imminent but it needs confirmation. We need this price to reverse here and now as per our earlier set scenario and we feel safe with a long play at the opening tonight although a tight stop is...
Soyameal: Price is showing an equal pattern as the soybean price and we are still waiting for the 345 region to be touched in order to consider a long play from there. Nothing else to do than keeping the disciplined patience.
Soybeanmeal: Price opened the week with a gap down and lost almost 10% in three sessions after which it recovered a bit on Friday but only after putting a new recent low of the week on the cart. Our expectation that price would first make one more move up did not materialize so no short play opportunity could be made use of. The waiting now is for the 345 level...
Soybeanmeal: Price made a move up during the pas week and could well be looking for higher levels from here in order to test its previous high. We rather do nothing and wait what develops during next week.
Soybeanmeal: Price did not perform as we were expecting last week and lost its support of the lower line of the ascending price channel after which it broke out to the downside already early in the week. We believe that wave (3) has been competed and that price will now perform its corrective wave down to the 340 region. We missed a possible short play and jumping...
Soybeanmeal: Price develops very similar to the soybean price. Price reached the lower end of a very steep and rather narrow ascending price channel and bounced up during Friday's session. The candle to the day was a Bullish Engulfing candle which is a reliable reversal pattern. We are looking for price to move up during the coming 5-10 sessions to the upper...
Soybeanmeal: Price has bee trading extensively beyond our price target and could well be at the end of its current wave. We see mixed and contradictory signs in the development of this chart and want to see a clearer picture develop before taking any action. The upward potential from here obviously is very limited so that is not an option to consider at all but at...
Soybeanmeal: Price made a another move up to a new high which could be an indication that even higher highs want to be put on this chart. Our target has been reached already at some 8-10% lower level than what is being traded today but rather than regretting having 'missed' the last dime we count our blessings that we had a good ride on this wave. The current...
Soybeanmeal: Price made again a new high during the week which, as per the rules of engagement, could well be a sign that it wants to go even hight. The pattern that price drew during the past 3 trading days could be a reversal pattern. The RSI is in oversold area but is not diverting with price and the MACD is not in divergence either. There are too many...