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,...
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...
We have a continuation pattern, a bullish channel after a fall and a breakout of this channel.
Possible stop below C. The target is D. Targets calculated using the AB leg. The Auto Fib Retracement tool on here can come in handy for this pattern and can nail C. This is not to long entry level which is over the resistance of the last swing up. No recommendation
Sell Soymeal at Market - 1st TP 397.3 Stop 431.0 **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...
CM = SM * .80 + SO * .183 – SB Where CM is the soybean crush margin ($/bushel) SO is the value of soybean oil SB is the value of full soybean
Sell Soymeal market, stop at 456.9, 1st TP at 404.8 **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...
Soybean meal future May 2022 - Sideway 470-490 Buy limit at 467 - 470 Stoploss: 464 Takeprofit 484.
The market is showing a potential of buyers that will push the market up so buy in average
Cup & Handle pattern => BULLISH Divergence ( RSI ) in the overbought zone => BEARISH We are at the 50% Fibonacci retracement level. Who will win?
As we Trade above 20days ma - Bulls are back and we can see a nice rally till first Resistance - will be interesting to see if we break it and continue.
break out down trendline on 1 hour chart. Still in down trend now.
It looks like correction on Soybean Meal is almost over. The price is approaching important resistance level. OBV does not follow the down movement and RSI is already in oversold territory. I expect the market will turn in coming days.
- Double top, crossed neckline confirming the double top. - Retracement to neckline, reversal.
It is clearly bad from now on, the weekly buy zone at 408.3 - 411.3 did not hold and there is a tremendous sell force yesterday at the same zone. 399.4 is where the bulls must defend or else 376.4 is the target for this short entry at 408.3.
RHS with a pullback and an inside bar on the daily. Story doesn't align with anything on monthly or weekly
Long ZM1! Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the...