Soybeans ZSN are forming a top. Typical seasonal peak is in June/July but this might be earlier. Chart pattern (M top) and RSI divergences are supportive. Targeting 1394.0 in one week time.
Soybeans ZSN are forming a top. Typical season peak in in June/July but this might be earlier. Chart pattern and RSI divergences are supportive. Targeting 1429 in one week time.
Fundamentals can be found in the USDA (US department of agriculture) reports:
www.usda.gov
Well, I was trying to sell it but the 1250.0 support is working quite well. W bottom formation now completed. Target should be 1370.0. I'll wait a pull-back to the 20MA to enter long.
Moving to May contract. Beans are at a critical juncture here. A trade below the pivot low posted on the 24jan2014 is going to trigger sell orders and project the price lower. The target is around 1200. where we could post the typical seasonal low.
Educational video
www.youtube.com
Beans are at a critical juncture here. A trade below the pivot low posted on the 27jan2014 is going to trigger sell orders and project the price lower. The target is around 1200. where we could post the typical seasonal low
Educational video
www.youtube.com
A good entry point might develop tomorrow if this prospect confirms.
US soybeans exports shipments have accelerated and to date exceed seasonal pace to hit USDA target by 159 mln bu vs 144 mln previous week. Tomorrow (Dec 10) USDA report is expected to decrease US ending stocks to a even more critical level, and recent price action, especially today, seems to...
Soybean has been coiling during the last month. The coil is expanding and seems ready to break out to the upside. Price should project to the median line in relative short time.
Soybeans has hold on the bottom of its long term uptrend and now is showing us signs to go long:
Technical Weekly
+ Bullish Engulfing candle pattern
+ MACD bullish crossing (about to happen)
+ RSI bullish divergence
+ RSI Oversold
Technical Daily
+ MACD bullish crossing
+ MACD divergence
+ RSI above 40
+ RSI bullish divergence
+ Stochastics bullish...
Soybeans broking its long term uptrend ?
Will it hold ?
By now, I still do not know what to do with that, but, a good clear opportunity is about to develop.
Worth keeping an eye on it.
How about you ? Any ideas ?
Thanks,
Monthly chart showing support line. Typically this is the time of the year when soybeans post the so called harvest lows. Look for longs. I will post possible entry points in the daily charts.
Been following this analog since mid 2012. I am long since a while back in options since it's the best risk reward in this broken stock. Yes, it is broken..
I have been playing AAPL like ZS since around mid 2012, to mark the top. It is lagging. so you have to stretch it.
But it's very contructive.
What this means is that people will be playing this trough the options market.
